The deals would end years of efforts by Washington to force ByteDance to sell its US operations.

The deal marks the end of years of uncertainty about the fate of the popular video-sharing platform in the United States.

WASHINGTON, ‌Dec 18 : TikTok's Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80 per cent of the company's U.S. assets to American and global investors to avoid a U.S. government ban, TikTok CEO Shou Zi Chew told employees on Thursday.The deal is a major ste

ByteDance's TikTok has signed a deal to sell its US entity to a joint venture controlled by American investors, according to a memo from TikTok CEO seen by Reuters.

TikTok has signed a deal to form a new U.S. unit with three American investors — Oracle, Silver Lake and MGX — holding a majority stake.

TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in the United States.

TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in the United States.

The Chinese-owned video app formalized commitments from the software giant Oracle and two investment firms as part of a deal to keep TikTok operating in the United States.

Dec. 18 (UPI) -- The owner of TikTok has signed an agreement to create a joint venture that will make the popular social media app majority-owned by American investors, the company announced Thursday.

ByteDance and TikTok have signed "binding agreements" with three managing investors: Oracle Corporation, Silver Lake and Abu Dhabi-based 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.

TikTok has agreed to sell its U.S. operations to an investment group that includes Oracle, Silver Lake, and UAE-based company MGX, reports Axios. The "TikTok USDS Joint Venture LLC" that includes the three companies will own 45 percent of TikTok, while ByteDance will keep close to 20 percent. Existing investors will continue to hold the remaining shares. The U.S. group will handle U.S. data protection and content moderation, while also maintaining algorithm security.

Abu Dhabi's state investment fund will also be a managing investor.