After six years of legal games, the byte beat eventually authorized a consortium of non-Chinese investors, including Oracle, MGX, Silver Lake Capital, to take over TikTok’s United States business. The new joint venture, named TikTok USDS Joint Venture LLC, will operate as an independent entity supervised by seven United States directors. Adam Presser, Chief of TikTok Operations, has been appointed by the Board of Trustees as the first Chief Executive Officer.
Under the agreement, United States investors, such as Oracle, MGX, Silver Lake Capital, hold over 80 per cent of the shares of new companies and byte beats retain 19.9 per cent. Other investors include Michael Dale, the founder of Dale, and Vastmere Strategic Investments, the United Arab Emirates investment agency.
Members of the United States Board of Directors include TikTok Global CEO Zhou, Timothy Datels, Mark Dullie, Silver Lake Capital Egon Duban, Raúl Fernández, Kenneth Gluck and MGX David Scott. Will Farrell, a former United States National Security Agency official, will serve as Chief Security Officer, overseeing the data privacy and network security project. The terms of the TikTok United States Eviction Agreement were published last month. In an internal memorandum dated 18 December, WAI highlighted that the new company would “retrain content recommendations algorithms based on United States user data to ensure that the flow of information is not manipulated from outside” and specified that the new management would have “final decision-making authority” with respect to content audits involving United States policy.
This six-year-long saw-saw war began in August 2020, when then President Trump signed an executive order prohibiting United States enterprises from trading in bytes. Upon his return to the White House in 2025, Trump again set a stripping deadline until the transaction was finalized. The deadline for the agreement had been extended four times, and the application of the 200 million United States users and 7.5 million corporate accounts had been prevented from being blocked by Congress. The new agreement allows TikTok to continue operating in the United States, where users can still interact with global creators. TikTok ‘ s global United States entity will be responsible for managing global product interoperability and commercial activities such as electricity and advertising. This solution marks the beginning of a new phase of cross-border scientific and technological regulation and provides a model for other multinational Internet enterprises facing similar geopolitical pressures.