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TikTok Strikes Deal for U.S. Ownership Amid Scrutiny

12/24/2025

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Summary

Story summary

TikTok announced agreements with Oracle, Silver Lake, and MGX to form an American TikTok.
The move aims to comply with U.S. law to reduce Chinese ownership and avoid a ban.
The agreements cover only 45% of the new ownership, leaving the remaining stake uncertain.
TikTok has over 170 million U.S. users and faces scrutiny over data security as the deal progresses to clarify its future in the United States.

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Story summary

TikTok announced agreements with Oracle, Silver Lake, and MGX to form an American TikTok.
The move aims to comply with U.S. law to reduce Chinese ownership and avoid a ban.
The agreements cover only 45% of the new ownership, leaving the remaining stake uncertain.
TikTok has over 170 million U.S. users and faces scrutiny over data security as the deal progresses to clarify its future in the United States.