The deal comes more than a year after Congress passed a law that forced its owner ByteDance to divest its US operations or face a ban.

TikTok has signed agreements with investors to establish a new U.S. joint venture, a move CEO Shou Chew said advances the company toward resolving a yearslong battle over its U.S. operations.

The key to the app's success - its algorithm - is to be retrained on US data. Will that make US TikTok blander?

Thursday when the video sharing sensation said it’s being bought by a group of buyers led by Oracle Corp.TikTok Chief Executive Officer Shou Chew told employees that the company and ByteDance signed binding agreements to create a US joint venture majority-owned by American investors,

A new U.S.-based joint venture would keep TikTok online while handing oversight of its algorithm and data security to some of America’s wealthiest investors.

Going forward, nearly half of the new entity, TikTok USDS Joint Venture LLC, will be controlled by investors including Oracle, Silver Lake and MGX. Current ByteDance investor affiliates will own around 30 percent, and ByteDance itself will control just under 20 percent.

The inaugural 2025 TikTok Awards will honor a variety of content creators, including beauty influencers, film buffs, comedians and filmmakers. The ceremony's theme is "New Era. New Icons." The TikTok Awards will be headlined by singer-songwriter Ciara,

The deal is expected to close next month, with Oracle, Silver Lake and MGX owning 45% of TikTok’s U.S. business.