TikTok has established a joint venture in the U.S. called TikTok USDS, led by Adam Presser as CEO. The partnership aims to address national security concerns by implementing data protections and will operate under a board with a majority of American members. ByteDance retains a minority stake while the app's key algorithm will be managed in Oracle's data centers.

TikTok CEO Shou Zi Chew announced a new joint venture for U.S. operations, named TikTok USDS Joint Venture LLC, with Oracle, Silver Lake, and MGX as managing investors. This move follows a national security law requiring the divestiture of TikTok's U.S. business, aiming to protect American data and ensure compliance with national security standards.

President Trump confirmed a $14 billion deal for TikTok that allows US companies, including Oracle and Michael Dell, to control the app’s content algorithm. This agreement is part of a national security provision requiring TikTok's divestiture from its Chinese parent company, ByteDance. The deal follows Trump's earlier attempts to ban TikTok due to national security concerns.

A deal has been reached to keep TikTok operating in the US, with President Trump announcing that a consortium of American investors will control its US operations. The agreement, which includes tech company Oracle, aims to address national security concerns over data sharing with China, while allowing TikTok to continue using licensed algorithms from its parent company, ByteDance. The deadline for the sale has been extended to December 16.

President Trump signed an executive order approving a deal that allows TikTok to continue operating in the U.S., requiring China-based ByteDance to sell its U.S. operations. The new arrangement involves a joint venture with major investors like Oracle and Silver Lake, while ByteDance retains a minority stake. The deal is subject to Chinese government approval and aims to address national security concerns.