TikTok announced on Thursday the creation of a joint venture mainly owned by the US to continue its operations in the US, following the agreement reached between Washington and Beijing, reports Anadolu.

“Today, TikTok USDS Joint Venture LLC was established in accordance with the executive order signed by President (Donald) Trump on September 25, 2025, now enabling more than 200 million Americans and 7.5 million businesses to continue to discover, create and thrive as part of TikTok’s vibrant global community and experience,” the company announced in a statement.

It noted that the joint venture will operate under established safeguards that protect national security through comprehensive data protections, algorithmic security, content moderation and software safeguards for US users.

The joint venture will have three investors. managers, including Oracle, Silver Lake and United Arab Emirates-based artificial intelligence company MGX, each with a 15 percent stake. Meanwhile, Chinese parent company ByteDance will hold 19.9 percent.

Other participants include Susquehanna, Dragoneer and DFO, the family office of Dell Technologies founder Michael Dell. Trump hailed the finalization of the deal on his Truth Social platform.

“I’m so happy to have helped save TikTok! Now it will be owned by a group of great American patriots and investors, the biggest in the world, and it will be an important voice,” he wrote.

Trump also thanked Chinese President Xi Jinping for cooperating with the US and approving the deal. “He could have gone the other way, but he didn’t and he’s being praised for his decision,” the US president.

Earlier, the US website Semaphore reported that Washington and Beijing had reached an agreement to sell TikTok’s US operations to a group of mostly US-based investors.

The closure meets a January 22 deadline set by Trump through an executive order that provided for the temporary suspension of a federal ban. of the app.

While the 2024 legislation required the sale due to data privacy concerns, Trump extended the deadline several times to ease the transition. Although the video-sharing platform was shut down shortly before Trump’s inauguration, it was reinstated after his presidential intervention.

Source: prizrenpost