TikTok Secures US Operations with Last-Minute Deal, Averting Ban

• TikTok formed a majority American-owned joint venture to operate its US business, avoiding a ban due to Chinese ownership.
• The deal was finalized just one day before President Trump's deadline, ensuring continued access for 200 million American users.
• Oracle, MGX, and Silver Lake will each acquire a 15% stake, with ByteDance retaining 19.9%, ensuring majority American ownership.
• The new entity, TikTok USDS Joint Venture LLC, will implement safeguards for data protection, algorithm security, and content moderation.
• The restructuring addresses a law requiring ByteDance to divest TikTok's US operations and is expected to extend to other ByteDance platforms like CapCut and Lemon8.

Why It Matters: TikTok secured its US operations by forming a majority American-owned joint venture, averting a ban.