The US and China have signed a deal that gives control of TikTok's US operation to a majority American-owned joint venture comprised of investors backed by Trump. The joint venture, called TikTok USDS Joint Venture LLC, came in response to a law passed by former President Joe Biden. Silver Lake, Oracle and United Arab Emirates investment firm MGX each hold a 15 percent stake in the joint venture. The joint venture will have authority over trust and safety policies, as well as content moderation for US users. TikTok USDS Joint Venture LLC will be governed by a seven-member, majority-American board including TikTok CEO Shou Chew and executives from major investment firms.

Source: Daily Mail January 23, 2026 14:27 UTC