TikTok agrees to take steps to relinquish control of the US business to the American financial community

TikTok has reached an agreement to hand over a large part of its US operations to a group of American investors, ending a dispute that has lasted for years as the government sought to force the platform to do so.

The new agreement is described as “a new agreement for TikTok US” in an internal memo from ByteDance CEO Shou Chew, which was seen by TechCrunch.

This arrangement will see American investors take more control of US businesses. The newly formed group includes cloud giant Oracle, Silverlake, the technology-focused company Silverlake, and MGX, an Abu Dhabi company focused on AI. Together, the companies will account for 45% of US operations, with ByteDance retaining a roughly 20% share, the memo says. The new entity created by the partnership has been named “TikTok USDS Joint Venture LLC.”

The new agency will be responsible for managing the program, including data security, algorithm security, content control, and software verification, the memo says. “The trusted security partner will be responsible for reviewing and verifying compliance with the agreed upon National Security Terms, and Oracle will be the trusted security partner upon completion,” the statement said.

The contract’s final date was set at January 22, 2026. The issue was it was first reported by Axios.

Most of the actions, as described in the memo, are similar to language a general rule signed by President Trump in September. That memo also approved the sale of TikTok’s US operations to an American financial group. Price CNBC it has already been said for Oracle, Silverlake, and MGX to be investors in the deal. Until now, ByteDance had not disclosed details of such a partnership, except to say that will comply with US laws to ensure that TikTok remains available to US users.

The US government has been trying to block TikTok’s business in the US from their Chinese parent company, according to sources national security concerns as clear.