TikTok Announces Formation of US Majority-Owned Joint Venture to Prevent Ban

TikTok USDS Joint Venture LLC is backed by managing investors Oracle, Silver Lake, and MGX. The app’s Beijing-based parent company retains a 19.9 percent stake.

The TikTok logo is seen outside the Chinese video app company’s offices in Culver City, Calif., on April 4, 2025. Robyn Beck/AFP via Getty Images

TikTok said on Jan. 22 it has formed an American majority-owned joint venture that would oversee data security and the content ecosystem in a bid to maintain its operations in the United States.

TikTok USDS Joint Venture LLC will operate as an independent entity overseen by a seven-member board of directors that includes TikTok CEO Shou Chew, Silver Lake co-CEO Egon Durban, Oracle executive vice president Kenneth Glueck, among others, according to a statement.