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Story summary
- United States Management and Budget rescinded the 2023 TikTok ban on devices Monday after Legal Counsel said TikTok USDS Joint Venture LLC is no longer a “covered application”.
- President Donald Trump authorized executive-branch employees to download TikTok on devices.
- Created January 22, 2026, the venture gives Oracle, Silver Lake and MGX each 15 % ownership, ByteDance affiliates 30.1 % and ByteDance 19.9 %, and sets a sale deadline of January 19, 2025.
