President Donald Trump had ordered a short-term suspension of the ban last year to give TikTok time to work out a sale. TikTok said in a statement that TikTok USDS Joint Venture LLC has been established and is majority American-owned, with Silver Lake, Oracle and MGX each holding a 15 percent stake. “TikTok USDS Joint Venture’s mandate is to secure U.S. user data, apps and the algorithm through comprehensive data privacy and cybersecurity measures,” the company said. A White House official, speaking on the condition of anonymity to discuss the TikTok deal, said that China and the U.S. had signed off on it. TikTok has some 200 million U.S. users, the company said Thursday, and the app is particularly popular with younger demographics.

Source: New Zealand Herald January 23, 2026 02:15 UTC