Under the agreement, American and global investors will own 80.1% of TikTok USDS Joint Venture LLC, while ByteDance will retain a 19.9% stake. Oracle, private equity firm Silver Lake, and Abu Dhabi investment group MGX will each hold 15%. The new venture will be responsible for securing US user data, applications, and recommendation algorithms. These will be hosted in Oracle's US cloud under enhanced cybersecurity and data-privacy controls. The deal follows years of political scrutiny over TikTok's Chinese ownership. A US law passed in 2024 required ByteDance to divest its US assets or face a ban, a measure upheld by the Supreme Court. The White House confirmed that both US and Chinese authorities have approved the agreement. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today.
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