ByteDance's TikTok has finalized a joint venture (JV) for its continued operations in the US, after lengthy turmoil.

In a statement shared by the company today, January 23, TikTok revealed the formation of the TikTok USDS Joint Venture LLC, established in compliance with President Trump's September 2025 executive order and allowing the company to continue offering its social media app in the country.

The JV has three managing investors: Oracle, Silver Lake, and Abu Dhabi-based MGX, each with a 15 percent share. Chinese parent company ByteDance has retained a 19.9 percent stake, and the remaining 35.1 percent of the JV is shared between Michael Dell (founder and CEO of Dell Technologies), Vastmere Strategic Investments LLC, Alpha Wave Partners, Revolution, Merritt Way, Via Nova, Virgo LI, Inc., and NJJ Capital.

Under the JV, TikTok's US user data will continue to be held in Oracle's US cloud environment with a "comprehensive data privacy and cybersecurity program that is audited and certified by third-party cybersecurity experts."

The JV will retrain, test, and update the TikTok algorithm solely on US data, and the algorithm itself will be held in Oracle's US cloud.

Adam Presser will serve as CEO of the JV, and Will Farrell as chief security officer. Both previously held roles at TikTok.

In addition, the board of the JV will be majority-American, including TikTok's CEO Shou Chew, TPG Global senior advisor Timothy Dattels, MD of Susquehanna International Group Mark Dooley, co-CEO of Silver Lake Egon Durban, president and CEO of DXC Technology Raul Fernandez, EVP at Oracle Kenneth Glueck, and MGX chief strategy and safety officer David Scott.

The official formation of the JV marks the end of a tumultuous journey for the social media giant. American lawmakers have long sought to ban the Chinese-owned platform, citing national security concerns.

A forced sale or ban was initially planned under the first Trump administration, but ultimately fizzled.

A new TikTok ban was then passed by the House, Senate, and then-President Joe Biden in January 2025, but was extended by US President Donald Trump four times as talks over the platform’s ownership continued.

Oracle has long led acquisition discussions, and was set to acquire the business in partnership with Walmart during the first ban attempt. While that deal ended with Trump's election loss, TikTok moved its US cloud services to Oracle in an attempt to assuage national security fears.

With the move ultimately not enough to alleviate concerns, TikTok began discussions with numerous companies and investors to find a solution. The JV was first posited in September 2025, detailed in December, and has now been finalized, drawing the journey to a close.