NEW YORK, 24 January. - (ANA) - The US and China finally signed off on a deal to sell TikTok’s US business to a consortium of mostly US investors led by Oracle and Silver Lake, the company said Thursday, shortly after Semafor’s Liz Hoffman and Reed Albergotti scooped that the parties finalized the agreement.

 

ByteDance CEO Shou Chew said in December that it had signed a binding agreement with investors, but regulators hadn’t yet indicated their approval and that “there was more work to be done.” The deal closing suggests an end to an on-again, off-again battle, removing a sticking point in US-China relations at a time when tensions are running high.

 

The new structure leaves ByteDance with just under 20% of the joint venture. It was unclear how much ByteDance received for the US business — Vice President JD Vance said in September the deal would value the unit at roughly $14 billion. TikTok said the joint venture will retrain the algorithm, which has been a main point of contention between the two governments, on US user data, and that it will update the engine for those users.   - (ANA) -

 

AB/ANA/24 January 2026 - - -