TikTok, parent ByteDance form JV to transfer parts of US business to investors Oracle, Silver Lake and MGX
Published on: Jan. 23, 2026, 6:39 a.m. | Source: Livemint
TikTok and parent ByteDance have formed a joint venture to transfer parts of TikTok's US business to non-Chinese owners, ensuring the app's future in the US. This deal was initiated to address national security concerns and avoid a ban on the platform.
