TikTok’s parent company ByteDance has finalized an agreement to create a majority US‑owned joint venture, a move designed to prevent the popular platform from being banned for more than 200 million American users. The deal marks a major turning point after years of political and regulatory battles that began in August 2020, when President Donald Trump first attempted to block the app over national security concerns.
According to the company, the new US‑based version of the app will operate under defined safeguards that protect national security, including strict data protections, algorithm security, content moderation standards and software assurances for American users. Adam Presser, formerly TikTok’s head of operations and trust and safety, will serve as CEO of the new venture.
He will work with a seven‑member board of directors made up mostly of American representatives, including TikTok’s global CEO Shou Chew.
Under the agreement, major investors such as Oracle, Silver Lake and Abu Dhabi‑based MGX will collectively hold 80.1 percent of the new joint venture, while ByteDance will retain a minority stake. The structure is intended to reassure US regulators that American user data and platform operations remain under domestic oversight.
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