Trump Hails TikTok Rescue: New US-Led JV Secures Future for 200 Million Users

TikTok has announced the formation of a majority American-owned joint venture, allowing it to continue operating in the US despite concerns over its Chinese ownership. Named TikTok USDS Joint Venture LLC, the new entity will serve over 200 million users and 7.5 million businesses while enforcing strict safeguards for data protection, algorithm security, and content moderation.

The structure complies with a 2024 US law that required Chinese-owned ByteDance to sell TikTok’s US operations or face a ban. Under the deal, ByteDance retains a 19.9% stake, keeping its ownership below the 20% threshold mandated by law. Three major investors—Silver Lake, Oracle, and Abu Dhabi-based MGX—each hold 15% stakes, with Oracle’s Larry Ellison, a long-time ally of Donald Trump, playing a key role. Other investors include Dell Family Office, affiliates of Susquehanna International Group, and General Atlantic.

Trump welcomed and claimed credit for the arrangement, thanking both American investors and Chinese President Xi Jinping for approving the deal. “I am so happy to have helped in saving TikTok! It will now be owned by a group of great American patriots and investors, the biggest in the world, and will be an important voice,” he said on Truth Social.

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The joint venture will manage trust and safety policies, content moderation, and cybersecurity for US users, with all US data stored in Oracle’s secure cloud. TikTok’s global operations will continue handling international product integration and commercial activities, including e-commerce and advertising.

The board of the new entity will be seven members strong, with a majority of Americans, including TikTok CEO Shou Chew, while Adam Presser was appointed CEO and Will Ferrell as Chief Security Officer. The move largely resolves long-standing US concerns that TikTok could be used by China to collect user data or influence public opinion, a concern first raised during Trump’s previous presidency.

This development ensures that TikTok will remain active in the US market under a new governance and ownership framework, safeguarding both user data and operational autonomy while retaining ByteDance’s minority stake.

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