The landmark TikTok U.S. deal officially closes today, January 22, 2026, transferring majority control of the popular social media platform to American investors. Oracle, Silver Lake, and Abu Dhabi's MGX will collectively hold 45% of the new entity called "TikTok USDS Joint Venture LLC."
Under the $14 billion agreement, ByteDance retains just 19.9% ownership while existing ByteDance investors hold 30.1%. The new seven-member board will have an American majority, and Oracle assumes the role of "trusted security partner" responsible for auditing compliance. ByteDance will no longer have access to U.S. user data or control over the American algorithm.
The deal scope extends beyond TikTok itself to include ByteDance's Lemon8 and CapCut applications. Some analysts have questioned the valuation, noting earlier estimates placed TikTok's worth between $30-50 billion—more than double the closing price.