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
Location
California, United States
Transaction Type
Divestiture

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