TikTok Signs Binding Deal to Sell US Business to Oracle, Silver Lake, and MGX
TikTok has signed a binding agreement to sell its US business to a consortium of investors including Oracle, Silver Lake, and the Abu Dhabi-based MGX, with the deal expected to close on 22 January 2026.
The new US joint venture will be 50% owned by the investor group, with each of Oracle, Silver Lake, and MGX holding 15%. ByteDance affiliates will retain 30.1% ownership and ByteDance itself will hold 19.9%.
As part of the agreement, Oracle will license TikTok's recommendation algorithm, expanding its management of US user data.
This arrangement is designed to enable TikTok to continue operating in the United States amid ongoing political and security concerns.
An internal memo seen by AP and Reuters confirms binding agreements with the three investors, according to TikTok's chief executive Shou Zi Chew.
White House officials have described Oracle's licensing arrangement as a key element of the deal within the broader political context surrounding TikTok's ownership and data security issues.
