The long-running geopolitical tug-of-war over the world’s most popular short-form video application appears to have reached its finale, resolving a five-year saga that bridged two US presidencies and a brief nationwide service blackout.
Following months of high-stakes negotiation brokered by the returned Trump administration, the uncertainty surrounding TikTok’s presence in the American market has effectively ended. TikTok CEO Shou Zi Chew confirmed to staff on Thursday that parent company ByteDance has entered into binding agreements to divest a controlling stake in its American operations.
The Deal Structure
The agreement involves selling just over 80 per cent of the company’s US assets to a consortium of heavyweight investors. The buying group includes American cloud computing giant Oracle (ORCL.N), private equity firm Silver Lake, and the Abu Dhabi-based investment company MGX.
The new entity will operate under the name TikTok USDS Joint Venture LLC, explicitly referencing "US Data Security"—a nod to the years of legislative scrutiny regarding the app's handling of American user data. The deal is scheduled to close on January 22, 2026.
From Blackout to Buyout
The path to this sale has been volatile. While concerns over Chinese state influence began during Donald Trump’s first term in 2020, they culminated in the passing of a divest-or-ban law signed by President Joe Biden in April 2024.
The standoff reached its nadir on January 18, 2025, when the deadline for divestiture expired. For nearly 24 hours, TikTok ceased functioning for millions of American users and vanished from the Apple and Google app stores. Service was only restored the following day after then-President-elect Trump intervened, promising to revive the platform upon his inauguration—a stark reversal from his 2020 stance where he signed the initial executive order attempting to ban the app.
A Geopolitical Pivot
The sale represents a complex victory for all parties involved. For Washington, placing the platform under majority ownership of US-aligned entities like Oracle and Silver Lake addresses the national security concerns that drove the initial legislation. For ByteDance, retaining a minority stake allows them to keep a foothold in their most lucrative market, avoiding a total exit.
Analysts suggest the inclusion of Oracle is strategic, as the company has long been ByteDance’s partner in "Project Texas," an initiative designed to wall off US user data from Chinese servers.
Timeline: The Five-Year Saga of TikTok in the US
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Here's your AnewZ Daily Brief for 11 November. Today, we cover Russia-Ukraine peace talks, political tensions in Washington, strikes in Spain, espionage allegations involving Nvidia's CEO, and climate negotiations at COP31 in Türkiye.
Four million workers across Spain joined a general strike on Wednesday over the country’s deepening housing crisis, unions said, bringing disruption to factories, ports, shops and public transport just weeks before a snap general election.
Iran has unveiled a new underground missile and drone base, warning that it will respond forcefully to any attack, as tensions persist with the U.S. and oil tankers continue to be struck by naval mines in the Strait of Hormuz.
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Tajikistan is urging regional allies to step up support for its border with Afghanistan following a series of deadly armed incidents. Despite building more than 80 new border outposts, Dushanbe says it needs further assistance to secure its southern frontier.
Eight people have been killed and at least 17 injured after an apartment building collapsed into a neighbouring construction site in Brooklyn, New York, as rescuers continued searching the rubble for possible survivors.
Russian President Vladimir Putin has thanked U.S. President Donald Trump for facilitating talks between Russia and Ukraine, but warned that any foreign troops deployed in Ukraine would be considered legitimate targets by Moscow.
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