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TikTok Divests US Business, Oracle Takes Data Control

12/20/2025

50 9 Full Breakdown

Summary

Story summary

TikTok signed a deal to divest its United States business, ending uncertainty for 170 million users.
Oracle Corporation, Silver Lake, and MGX will hold about 50% of the assets; ByteDance retains 19.9%.
Oracle will manage United States user data.
The move follows an executive order by U.S. President Donald Trump to prevent a ban.
Senator Cynthia Lummis announced she will not seek reelection, a loss for digital asset advocacy.

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Story summary

TikTok signed a deal to divest its United States business, ending uncertainty for 170 million users.
Oracle Corporation, Silver Lake, and MGX will hold about 50% of the assets; ByteDance retains 19.9%.
Oracle will manage United States user data.
The move follows an executive order by U.S. President Donald Trump to prevent a ban.
Senator Cynthia Lummis announced she will not seek reelection, a loss for digital asset advocacy.