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ByteDance Forms TikTok Joint Venture to Avoid U.S. Ban

1/24/2026

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Summary

Story summary

The ByteDance deal creates a majority American-owned joint venture, TikTok USDS Joint Venture LLC, to prevent a U.S. ban.
The arrangement follows years of legal actions initiated by U.S. President Donald Trump, who later supported TikTok for engaging younger voters.
Critics say the 2024 law requiring full divestment may be violated, as ByteDance keeps a 19.9% stake and key operational control.

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Story summary

The ByteDance deal creates a majority American-owned joint venture, TikTok USDS Joint Venture LLC, to prevent a U.S. ban.
The arrangement follows years of legal actions initiated by U.S. President Donald Trump, who later supported TikTok for engaging younger voters.
Critics say the 2024 law requiring full divestment may be violated, as ByteDance keeps a 19.9% stake and key operational control.