(qlmbusinessnews.com . Fri 19th Dec, 2025) London, UK —
Oracle, Silver Lake, and MGX Secure 50% of TikTok US in Landmark Deal with ByteDance
ByteDance, the Chinese conglomerate behind TikTok, has finalised deals to divest a significant portion of its US operations to both American and international investors, according to a communication from the company's CEO to its workforce on Thursday.
The agreement sees the establishment of a joint venture, 50% of which will be controlled by a consortium comprising tech giant Oracle, investment firm Silver Lake, and the United Arab Emirates based MGX. This development was shared in a note by TikTok's Chief Executive, Shou Zi Chew.
Scheduled for completion on the 22nd of January, the transaction aims to conclude prolonged attempts by US authorities to compel ByteDance into selling its American arm due to worries over national security.
This arrangement aligns with an initial reveal back in September, which came after former US President Donald Trump stalled the enactment of legislation threatening to ban the application unless sold.
TikTok conveyed in the memo that this agreement ensures “over 170 million Americans can continue to explore a universe of limitless opportunities within an essential global community.”
Per the terms of the deal, ByteDance will maintain a 19.9% stake in the venture, whilst Oracle, Silver Lake, and the Abu Dhabi-headquartered MGX will each secure a 15% interest.
The remaining 30.1% will be distributed among affiliates of ByteDance's current investors, the internal memo noted.
Earlier, the White House had announced that software corporation Oracle, co-founded by Trump ally Larry Ellison, would gain licensing rights to TikTok's proprietary recommendation algorithms as part of the deal's arrangements.
This conclusion comes after considerable delays.
In April 2024, under President Joe Biden's leadership, the US Congress passed legislation banning the app due to national security concerns, with the provision that the ban would be lifted should the application be sold.
Originally set to take effect on the 20th of January 2025, the implementation saw multiple deferrals by Trump as his administration sought to orchestrate an ownership transition.
In a statement made in September, Trump disclosed that he had been in telephonic consultation with China's President Xi Jinping, who had allegedly endorsed the transaction.
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