TikTok’s parent company, ByteDance, will restructure the ownership of TikTok’s U.S. operations with Oracle, Silver Lake and MGX as US shareholders.
The move aimed at addressing long-standing national security concerns raised by U.S. lawmakers and regulators, is expected to close on January 22 and will establish a new U.S.-based joint venture with Oracle, Silver Lake, and MGX holding collectively a 45 percent stake in the new JV.
Existing ByteDance affiliates will retain close to one-third ownership, while ByteDance itself will maintain roughly a 20 percent stake. The restructuring is designed to reduce Chinese control over TikTok’s U.S. business, a key demand from U.S. officials who have cited potential risks related to data security and foreign influence.
TikTok has consistently denied allegations of improper data sharing but has faced years of regulatory scrutiny and political pressure to separate its American operations from its China-based parent company.
If completed as planned, the agreement would mark a major milestone for TikTok, allowing it to preserve access to its extensive U.S. user base while satisfying government demands. Analysts say the involvement of major U.S. investors such as Oracle, Silver Lake, and MGX could set a precedent for how foreign-owned technology firms structure their U.S. operations to meet regulatory expectations.
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