TikTok to form US venture with Oracle

TikTok said it will form a US joint venture majority-owned by US investors co-led by Oracle, Silver Lake, and MGX, marking a key step in its separation from parent company ByteDance. The USD 14 billion deal, expected to close on January 22, 2026, will give the new TikTok US entity control over data protection and algorithm security, pending Chinese regulatory approval.