Overview
- TikTok said it formed TikTok USDS Joint Venture LLC in accordance with the September 25, 2025 presidential order.
- Oracle, Silver Lake and MGX will each hold 15%, while ByteDance keeps 19.9% and other investors include Susquehanna, Dragoneer, DFO and Michael Dell’s family office.
- Adam Presser was appointed CEO, and a mostly American board includes representatives from TPG Global, Susquehanna, Silver Lake, DXC Technology, Oracle and MGX.
- The company said the venture’s mandate is to protect U.S. user data, secure algorithms and software, and safeguard the domestic content ecosystem.
- President Donald Trump confirmed the deal and publicly thanked China’s Xi Jinping, after reports indicated both governments approved the structure.