TikTok announces it has finalized deal to establish US entity, sidestepping ban
Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGXTikTok announced on Thursday that it had closed a deal to establish a new US entity, allowing it to sidestep a ban and ending a long legal battle.The deal finalized by ByteDance,...
<p>Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX</p><p>TikTok announced on Thursday that it had closed a deal to establish a new US entity, allowing it to sidestep a ban and <a href="https://www.nytimes.com/2026/01/22/technology/tiktok-deal-oracle-bytedance-china-us.html">ending</a> a long legal battle.</p><p>The <a href="https://newsroom.tiktok.com/announcement-from-the-new-tiktok-usds-joint-venture-llc?lang=en">deal</a> finalized by ByteDance, TikTok’s Chinese owner, sets up a majority American-owned venture, with investors including Larry Ellison’s Oracle, the private-equity group Silver Lake and Abu Dhabi’s MGX owning more than 80% of the new entity.</p> <a href="https://www.theguardian.com/us-news/2026/jan/22/tiktok-us-venture-oracle">Continue reading...</a>
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