ByteDance

Oracle Wins Bid to Manage TikTok's US Operations in Historic Joint Venture

A consortium led by Oracle and Silver Lake finalizes a deal to control TikTok's US arm, resolving national security concerns and averting a nationwide ban.

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TikTok Finalizes Sale of US Operations to Oracle-Led Consortium, Avoiding Ban

The social media giant has signed a definitive agreement with Oracle, Silver Lake, and MGX to form a new US-controlled entity, with the deal expected to close in January 2026.

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TikTok Secures Survival: New US Joint Venture with Oracle Finalized to Avert Ban

After a yearslong standoff, ByteDance signs a binding agreement with Oracle, Silver Lake, and MGX to form TikTok USDS Joint Venture LLC, keeping the app operational in America.

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