Tech

Deal for TikTok creates U.S. joint venture, and government won’t have a stake

September 22, 2025

The TikTok logo is seen outside the Chinese video app company’s Los Angeles offices on April 4, 2025 in Culver City, California. ROBYN BECK/AFP via Getty Images

ROBYN BECK/AFP via Getty Images

A new U.S.-based joint venture with investors that include Oracle and the private equity firm Silverlake will take control of the popular short video app TikTok, in a proposed deal that a senior White House official said was a compromise that met both U.S. and Chinese law.

The official, who spoke to reporters on condition of anonymity, said the

Deal for TikTok creates U.S. joint venture, and government won’t have a stake

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