Deal for TikTok creates U.S. joint venture, and government won't have a stake

John Ruwitch

September 22, 2025 / 9:44 am

A new U.S.-based joint venture with investors that include Oracle and the private equity firm Silverlake will take control of the popular short video app TikTok, in a proposed deal that a senior White House official said was a compromise that met both U.S. and Chinese law.

The official, who spoke to reporters on condition of anonymity, said the U.S. government would not take a stake or have a seat on the board.

The new venture will get a copy of TikTok's most valuable asset, its content recommendation algorithm, which will then be re-trained on U.S. data, the official said. The software company Oracle will serve as the company's "security provider," overseeing thin

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