TikTok is nearly to the finish line in the video app’s long trek to becoming legal in the U.S.
ByteDance and TikTok have signed “binding agreements” with three managing investors: Oracle, private equity firm Silver Lake and Abu Dhabi’s state-owned investment firm MGX, to form a new TikTok U.S. joint venture named TikTok USDS Joint Venture LLC, according to a memo to TikTok staff by CEO Shou Zi Chew reviewed by Variety. The agreement forming the TikTok U.S. joint venture is set to close Jan. 22, 2026.
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The TikTok U.S. joint venture will be 50% held by a consortium of new investors,
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