<figure id="attachment_3197141" aria-describedby="caption-attachment-3197141" style="width: 1600px" class="wp-caption alignnone"><img loading="lazy" class="size-full wp-image-3197141" src="https://media.freemalaysiatoday.com/wp-content/uploads/2025/10/0ab0ab15-tiktok.jpg" alt="TikTok" width="1600" height="1000" /><figcaption id="caption-attachment-3197141" class="wp-caption-text">The TikTok deal closed a yearslong struggle between regulators and geopolitical pressures that had threatened to block the app in the US. (Reuters pic)</figcaption></figure>
NEW YORK: TikTok and its Chinese parent ByteDance Ltd officially established a venture to transfer parts of TikTok’s US business to non-Chinese owners, securing the popular video app’s future in the US and avoiding a nationwide ban.
As part of the deal, originally announced by the Trump Administration in September, some parts of TikTok will be spun out into a newly created US entity with three managing investors: Oracle Corp., private equity firm Silver Lake Management LLC, and Abu Dhabi-based investment company MGX.
A TikTok sale concludes a yearslong geopolitical and regulatory tug-of-war that, for half a decade, has threatened to shut down TikTok in the US over national security concerns.
Congress originally passed legislation in 2024 to ban the app unless ByteDance sold TikTok – citing concerns that the Chinese government could abuse access to US user data or use the app to push narratives preferred by Beijing. TikTok has maintained neither has happened.

MatchPoint Times

TikTok seals deal to create US venture with Oracle, Silver Lake

Shifting parts of the US business to non-Chinese owners secures the video app’s future and avoids a nationwide ban.

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