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TikTok's Escape Act: US Joint Venture Majority Stake Secures App's Future
Tiktok BioSnap a weekly updated Biography.
TikTok just pulled off its biggest escape act yet, signing binding agreements on Thursday for a new US joint venture that hands majority control of its American operations to stateside investors, with closing eyed for January 22, 2026. CEO Shou Zi Chew broke the news in an internal memo to staff, obtained by Fox Business and ABC News, celebrating how this keeps the app alive for over 170 million US users amid a yearslong ban threat from a law targeting foreign-controlled platforms. The deal stars Oracle and private equity heavyweight Silver Lake each grabbing 15 percent stakes, matched by UAE-based MGX, while parent ByteDance holds onto about 20 percent and affiliates take 30 percent, per the memo detailed by Fortune and ABC. Chew promised the venture will retrain TikToks addictive algorithm on US data alone to nix foreign meddling, store user info securely on Oracles US cloud, and wield final say on content moderation—moves aimed at satisfying divestiture rules after the Supreme Court greenlit the ban law earlier this year.
This blockbuster caps a saga of delays: the ban briefly hit in January 2025, only for President Trump to issue extensions via executive orders in April, June, and September, buying time for talks he credits to his respect for Chinas President Xi. Chew thanked his team for battling through legal wars, vowing focus on creators and businesses as details trickle out. No public appearances or social buzz popped up in the last few days, but TikTok-related stocks surged on the news, as noted in a December 19 YouTube recap from The China Show. China stayed mum, with a foreign ministry spokesperson dodging questions Friday per ABC News, hinting Beijing could still yank approval. For TikToks bio, this pivot severs US ops from ByteDance clutches, potentially reshaping its global empire long-term—no speculation, just the memos cold facts staring down a January deadline. Word from insiders: more work ahead, but the apps survival party is just getting started.
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
TikTok just pulled off its biggest escape act yet, signing binding agreements on Thursday for a new US joint venture that hands majority control of its American operations to stateside investors, with closing eyed for January 22, 2026. CEO Shou Zi Chew broke the news in an internal memo to staff, obtained by Fox Business and ABC News, celebrating how this keeps the app alive for over 170 million US users amid a yearslong ban threat from a law targeting foreign-controlled platforms. The deal stars Oracle and private equity heavyweight Silver Lake each grabbing 15 percent stakes, matched by UAE-based MGX, while parent ByteDance holds onto about 20 percent and affiliates take 30 percent, per the memo detailed by Fortune and ABC. Chew promised the venture will retrain TikToks addictive algorithm on US data alone to nix foreign meddling, store user info securely on Oracles US cloud, and wield final say on content moderation—moves aimed at satisfying divestiture rules after the Supreme Court greenlit the ban law earlier this year.
This blockbuster caps a saga of delays: the ban briefly hit in January 2025, only for President Trump to issue extensions via executive orders in April, June, and September, buying time for talks he credits to his respect for Chinas President Xi. Chew thanked his team for battling through legal wars, vowing focus on creators and businesses as details trickle out. No public appearances or social buzz popped up in the last few days, but TikTok-related stocks surged on the news, as noted in a December 19 YouTube recap from The China Show. China stayed mum, with a foreign ministry spokesperson dodging questions Friday per ABC News, hinting Beijing could still yank approval. For TikToks bio, this pivot severs US ops from ByteDance clutches, potentially reshaping its global empire long-term—no speculation, just the memos cold facts staring down a January deadline. Word from insiders: more work ahead, but the apps survival party is just getting started.
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
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By Inception Point AiTiktok BioSnap a weekly updated Biography.
TikTok just pulled off its biggest escape act yet, signing binding agreements on Thursday for a new US joint venture that hands majority control of its American operations to stateside investors, with closing eyed for January 22, 2026. CEO Shou Zi Chew broke the news in an internal memo to staff, obtained by Fox Business and ABC News, celebrating how this keeps the app alive for over 170 million US users amid a yearslong ban threat from a law targeting foreign-controlled platforms. The deal stars Oracle and private equity heavyweight Silver Lake each grabbing 15 percent stakes, matched by UAE-based MGX, while parent ByteDance holds onto about 20 percent and affiliates take 30 percent, per the memo detailed by Fortune and ABC. Chew promised the venture will retrain TikToks addictive algorithm on US data alone to nix foreign meddling, store user info securely on Oracles US cloud, and wield final say on content moderation—moves aimed at satisfying divestiture rules after the Supreme Court greenlit the ban law earlier this year.
This blockbuster caps a saga of delays: the ban briefly hit in January 2025, only for President Trump to issue extensions via executive orders in April, June, and September, buying time for talks he credits to his respect for Chinas President Xi. Chew thanked his team for battling through legal wars, vowing focus on creators and businesses as details trickle out. No public appearances or social buzz popped up in the last few days, but TikTok-related stocks surged on the news, as noted in a December 19 YouTube recap from The China Show. China stayed mum, with a foreign ministry spokesperson dodging questions Friday per ABC News, hinting Beijing could still yank approval. For TikToks bio, this pivot severs US ops from ByteDance clutches, potentially reshaping its global empire long-term—no speculation, just the memos cold facts staring down a January deadline. Word from insiders: more work ahead, but the apps survival party is just getting started.
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
TikTok just pulled off its biggest escape act yet, signing binding agreements on Thursday for a new US joint venture that hands majority control of its American operations to stateside investors, with closing eyed for January 22, 2026. CEO Shou Zi Chew broke the news in an internal memo to staff, obtained by Fox Business and ABC News, celebrating how this keeps the app alive for over 170 million US users amid a yearslong ban threat from a law targeting foreign-controlled platforms. The deal stars Oracle and private equity heavyweight Silver Lake each grabbing 15 percent stakes, matched by UAE-based MGX, while parent ByteDance holds onto about 20 percent and affiliates take 30 percent, per the memo detailed by Fortune and ABC. Chew promised the venture will retrain TikToks addictive algorithm on US data alone to nix foreign meddling, store user info securely on Oracles US cloud, and wield final say on content moderation—moves aimed at satisfying divestiture rules after the Supreme Court greenlit the ban law earlier this year.
This blockbuster caps a saga of delays: the ban briefly hit in January 2025, only for President Trump to issue extensions via executive orders in April, June, and September, buying time for talks he credits to his respect for Chinas President Xi. Chew thanked his team for battling through legal wars, vowing focus on creators and businesses as details trickle out. No public appearances or social buzz popped up in the last few days, but TikTok-related stocks surged on the news, as noted in a December 19 YouTube recap from The China Show. China stayed mum, with a foreign ministry spokesperson dodging questions Friday per ABC News, hinting Beijing could still yank approval. For TikToks bio, this pivot severs US ops from ByteDance clutches, potentially reshaping its global empire long-term—no speculation, just the memos cold facts staring down a January deadline. Word from insiders: more work ahead, but the apps survival party is just getting started.
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI