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International Business Times
International Business Times
Business

TikTok US Operations Set to Spin Off Under Deal With Oracle, Silver Lake and MGX

TikTok Oracle United States MGX Silver Lake TikTok US Donald Trump silver ByteDance Shou Chew
Illustration of TIK TOK, October 16, 2025. TikTok is a mobile application for sharing short creative videos and images, as well as a social network based on a recommendation algorithm favoring virality.

TikTok is moving closer to staying online in the United States after reaching a major deal to separate its US business from its China-based parent company, ByteDance.

The plan, backed by President Donald Trump, would place TikTok's US operations into a new company owned mostly by American investors, according to a memo sent to employees by CEO Shou Chew.

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