"The new structure leaves ByteDance with just under 20% of the US business, with 15% stakes going to Oracle, Silver Lake and MGX, a state-owned investment firm in the UAE focused on AI. Other investors include Susquehanna, Dragoneer and DFO, Michael Dell’s family office.
The final deal closing is intended to meet a Jan. 22 deadline outlined by the Trump administration in an executive order that granted a 120-day stay on the enforcement of the federal ban. Former President Joe Biden in 2024 signed a law requiring ByteDance to divest its US business or face a ban in the country over national security concerns.
It was unclear how much ByteDance received for the US business — US Vice President JD Vance said in September the deal would value the unit at roughly $14 billion. It was also unclear what negotiations occurred over TikTok’s powerful algorithm, which has been the main point of contention between the US and Chinese governments and has scuttled past deals in the long-running saga.
Chew’s December memo said the new independent entity will control data protection, content moderation and algorithm security and that the entity would be “governed by a new seven-member majority-American board of directors.”"
https://www.semafor.com/article/01/22/2026/china-us-sign-off-on-tiktok-us-spinoff
