TikTok Secures US Future: Deal Finalized to Avert Ban, Oracle, Silver Lake, MGX Invest

• TikTok and its parent company ByteDance have finalized a deal to transfer portions of its US operations to American investors, securing the app's future and averting a nationwide ban.
• Oracle Corp., Silver Lake Management LLC, and Abu Dhabi-based MGX are the three managing investors in the new US entity, owning 50% combined.
• The agreement resolves a years-long geopolitical and regulatory struggle over national security concerns regarding Chinese government access to US user data.
• TikTok CEO Shou Chew will join the board, with Adam Presser leading the American venture as CEO; Oracle will act as a security monitor.
• The deal is a victory for small businesses, brands, content creators, and 200 million US users who rely on the app, though critics question its full compliance with US law.

Why It Matters: TikTok finalized a deal with US investors, including Oracle, to secure its US operations and avoid a ban.