Divest-or-ban

TikTok’s US operations are being spun into a US Data Security JV with 15% stakes for Silver Lake, MGX, and Oracle; ByteDance retains 19.9% as part of a $14B deal tied to a new divest-or-ban regime.

TikTok’s USDS Joint Venture closes with ByteDance at 19.9% and the remaining 80.1% owned by Silver Lake, Oracle, MGX and other investors; the arrangement satisfies a 2024 divest-or-ban regulatory requirement for ByteDance to hold a minority stake, though exact distribution among the three managers is ambiguously described.

US TikTok ban enforcement under the divest-or-ban law culminates in a signed USDS Joint Venture with Oracle, Silver Lake, and MGX and a projected close in 2026, with temporary reinstatement of the app during negotiations and data/security responsibilities shifting to the JV.