TikTok has agreed to sell its US division to a new company controlled by American investors. This was reported by Zamin.uz.
The Bloomberg publication reported on this agreement based on an internal letter sent by TikTok CEO Shou Zi Chu. This deal finalizes the process of transferring ByteDance's control over TikTok to new owners in the US.
This is being done to reduce threats to US national security. According to the TikTok CEO, the agreement was signed with Oracle Corp., Silver Lake, and the MGX investment fund.
The deal is planned to be completed by January 22, 2026. After the deal is finalized, a new joint venture called TikTok US Data Security (USDS) will be established.
This company will operate as an independent entity and will be responsible for protecting the data of users in the US, ensuring the security of algorithms, and moderating content.
