Oracle, Silver Lake and MGX Lead Majority-American Joint Venture to Operate TikTok US
January 22, 2026
ByteDance has finalized a deal establishing TikTok USDS Joint Venture LLC, a majority American-owned entity that will secure U.S. user data, apps and the recommendation algorithm to avoid a nationwide ban. The joint venture is led by Oracle, private equity firm Silver Lake and Abu Dhabi-based MGX (each with 15%), with other U.S. and global investors participating while ByteDance retains a 19.9% stake.
- Buyers
- Oracle, Silver Lake Management, MGX, Dell Family Office (DFO Management / Michael Dell), Alpha Wave Partners, Susquehanna International Group, General Atlantic, Revolution, Vastmere Strategic Investments, Merritt Way, Via Nova, Virgo LI, NJJ Capital, Affiliates of existing ByteDance investors
- Targets
- TikTok USDS Joint Venture LLC (TikTok US operations)
- Sellers
- ByteDance
- Industry
- Media & Entertainment
- Location
- California, United States
- Transaction Type
- Divestiture
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