The transaction’s close concludes a yearslong effort to secure TikTok’s long-term future in the United States and address concerns that it posed a national security risk. When he approved the deal last fall, Trump gave the parties a January 23 deadline to finalize the transaction. The new entity plans to retrain TikTok’s algorithm on US user data, and Oracle will oversee storage of Americans’ data. The US joint venture will also be responsible for content moderation for US users. Under the deal finalized Thursday, the new joint venture will continue to license the TikTok algorithm from ByteDance before retraining and reviewing it.

Source: CNN January 23, 2026 00:49 UTC