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TikTok announces it has finalized deal to establish US entity, sidestepping ban

todayJanuary 23, 2026

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Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX

TikTok 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, 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.

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Source: www.theguardian.com

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Written by: truelightfm

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