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TikTok , parent ByteDance form JV to transfer parts of US business to investors Oracle , Silver Lake and MGX

TikTok and parent ByteDance have formed a joint venture to transfer parts of TikTok's US business to non-Chinese owners, ensuring the app's future in the US.

Source livemint.com AI Summary Updated January 23, 2026

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Freshness Stale Updated January 23, 2026

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Read time 1 min ~35 words

AI Summary

TikTok and parent ByteDance have formed a joint venture to transfer parts of TikTok's US business to non-Chinese owners, ensuring the app's future in the US. This deal was initiated to address national security concerns…

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