Oracle, Silver Lake, and Abu Dhabi’s state-owned investment firm MGX each plan to take a 15% stake. ByteDance will retain 19.9%.

In a memo to staff reviewed by Reuters, TikTok CEO Shou Zi Chew confirmed that all US data “will be stored in a trusted and secure cloud environment in the United States run by Oracle,” with Oracle ultimately responsible for safeguarding US data.

TikTok has signed agreements with investors to establish a new U.S. joint venture, a move CEO Shou Chew said advances the company toward resolving a yearslong battle over its U.S. operations.

Going forward, nearly half of the new entity, TikTok USDS Joint Venture LLC, will be controlled by investors including Oracle, Silver Lake and MGX. Current ByteDance investor affiliates will own around 30 percent, and ByteDance itself will control just under 20 percent.

The Jon Hamm meme has us singing 'Turn the Lights Off' by Kato rewatching the underrated Apple TV series the scene came from.

Just before the event's red carpet kickoff at the Hollywood Palladium, news broke that the U.S. deal for TikTok is officially happening.

The inaugural 2025 TikTok Awards will honor a variety of content creators, including beauty influencers, film buffs, comedians and filmmakers. The ceremony's theme is "New Era. New Icons." The TikTok Awards will be headlined by singer-songwriter Ciara,

TikTok creator Riziki Ilenre died Dec. 12. Montgomery police are investigating the circumstances, including reports of cyberbullying. What we know.