Source: Axios
“TikTok has signed a deal to divest its U.S. entity to a joint venture controlled by American investors, per an internal memo seen by Axios. A deal would end a yearslong saga to force TikTok’s Chinese parent ByteDance to sell the company’s U.S. operation to domestic owners to alleviate [fake] national security concerns. … Oracle, Silver Lake and Abu Dhabi-based MGX will collectively own 45% of the U.S. entity, which will be called ‘TikTok USDS Joint Venture LLC.’ Nearly one-third of the company will be held by affiliates of existing ByteDance investors, and nearly 20% will be retained by ByteDance.” [editor’s note: MGX used Trump’s “World Liberty Financial” stablecoin for a $2 billion deal; Oracle’s Larry Ellison is also a Trump crony – TLK] (12/18/25)