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U.S. and China Approve Sale of TikTok’s U.S. Business to Oracle-Led Group

U.S. and China Approve Sale of TikTok’s U.S. Business to Oracle-Led Group

According to TikTok’s Jan. 23 announcement, a new U.S. data-security joint venture assigns 15% stakes to Silver Lake, Oracle, and MGX, with ByteDance retaining 19.9% and additional investors including the Dell family office.

USDS

Summary

TikTok issued an official announcement on Jan. 23 establishing TikTok USDS Joint Venture LLC to oversee U.S. data protection. Silver Lake, Oracle, and MGX will each hold 15% stakes, while ByteDance retains a 19.9% share. Additional investors include the Dell family office, Vastmere Strategic Investments, Alpha Wave Partners, and Revolution.

Terms & Concepts
  • ByteDance: The Chinese technology company that owns TikTok and other digital platforms.
  • Oracle: A U.S. enterprise software and cloud computing firm leading the investor group acquiring TikTok’s U.S. assets.
  • Silver Lake: An American private equity firm known for investments in technology and digital companies.