TikTok signs deal to end US ban threatNEW ENTITY: The joint venture would be held by a consortium of new investors, including Oracle, Silver Lake and MGX, with Bytedance retaining about 20 percentAFP, WASHINGTONTikTok on Thursday said it has signed a joint venture deal with investors that would allow the company to maintain operations in the US and avoid a ban threat over its Chinese ownership. Oracle executive chairman and founder Larry Ellison is a longtime ally of US President Donald Trump. TikTok Global’s US entities would manage global product interoperability, and certain commercial activities, including e-commerce, advertising and marketing, the memo said. Chew said there is more work to be done ahead of the Jan. 22 next year closing date for the deal. “Keeping the US operation live is itself a victory” for Bytedance, technology consultancy Dolphin founder Li Chengdong (李成東) said.

Source: Taipei Times December 19, 2025 17:30 UTC