The long-standing uncertainty over TikTok’s future in the United States seems to have been resolved. TikTok’s parent company, ByteDance, has now entered a deal creating a new venture in which American companies will hold the majority stake, effectively putting the platform under significant US oversight. Major stakeholders include Larry Ellison’s Oracle, Abu Dhabi’s MGX, and the private-equity firm Silver Lake, collectively controlling 80.1%, while ByteDance retains only 19.9%.

The saga dates back to concerns over national security and data privacy. During Donald Trump’s first term, he repeatedly threatened to ban TikTok in the US. In 2024, Congress passed legislation to ban the app, which the Supreme Court upheld in January 2025. To avert the ban, Trump signed an executive order allowing negotiations for US control, and later authorized further US investment into TikTok operations.

Under the new structure, Adam Presser, former TikTok general manager and global head of operations, trust, and safety, will serve as the CEO of the US-based venture. TikTok CEO Shao Chew will remain on the board. This deal marks a significant shift, ensuring TikTok operates primarily under American management and regulatory oversight, five years after initial threats of a ban.

This move signals both a strategic compromise for ByteDance and a new chapter in the ongoing debate over foreign-owned tech platforms operating in the United States.