"Half of the new TikTok U.S. joint venture will be owned by a consortium of investors among them Oracle, Silver Lake and MGX, who will each hold a 15 per cent share. Another 30.1 per cent will be held by affiliates of existing ByteDance investors and 19.9 per cent will be retained by the China-based ByteDance, according to the memo."
"The U.S. venture will have a seven-member majority-American board of directors, the memo said. It will also be subject to terms that "protect Americans' data and U.S. national security." U.S. user data will be stored locally in a system run by Oracle. TikTok's algorithm the secret sauce that powers its addictive video feed will be retrained on U.S. user data to "ensure the content feed is free from outside manipulation," the memo said."
TikTok's U.S. business will be sold to a consortium including Oracle, Silver Lake and MGX, with the transaction expected to close January 22, 2026. The U.S. joint venture will be 50% owned by that consortium, 30.1% by affiliates of existing ByteDance investors, and 19.9% retained by ByteDance. The venture will have a seven-member majority-American board and will store U.S. user data locally in a system run by Oracle. The platform's algorithm will be retrained on U.S. user data, and the U.S. entity will oversee content moderation and policies to protect national security.
Read at www.cbc.ca
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