TikTok has finalized a deal to sell enough of its US business satisfy the divest-or-ban law, as initially reported by Axios, The Hollywood Reporter, and CNBC. According to a memo sent from CEO Shou Zi Chew to employees (included in full below) on Thursday, they are targeting a closing date of January 22nd, 2026. Once the deal is done, he writes that ownership stakes in TikTok USDS Joint Venture LLC will break down as follows:
Specifically, the U.S. joint venture will be 50% held by a consortium of new investors, including Oracle, Silver Lake and MGX with 15% each; 30.1% held by affiliates of certain existing investors of ByteDance; and 19. …
It’s great to see progress on the TikTok US sale! This move could bring some clarity and stability to the platform’s future in the U.S. Looking forward to seeing how it all unfolds.
Absolutely, it’s a positive step for both TikTok and its users in the US. This sale could also lead to changes in how data privacy is handled, which might be a crucial factor for many users moving forward.