TikTok and its parent company ByteDance have signed an agreement to transfer control of TikTok US business to a group of American investors including Oracle Silver Lake and MGX. The deal which is expected to close on January 22 2026 will create a new US joint venture that will operate as an independent entity with authority over US data protection algorithm security content moderation and software assurance. This development marks a significant step in resolving the long-running dispute between US authorities and ByteDance over the app ownership structure. While former President Donald Trump had stated that China was fully on board with the arrangement subsequent meetings have produced only vague statements from Chinese officials. The deal would come nearly a year after Trump first executive order to delay a law requiring a sale or ban of the app with several extensions having been signed since. The new entity will be built on the foundation of TikTok current US Data Security organization.

Category: Gadgets, News, Gadgets, Social Media