TikTok finalizes deal to form new American entity

Associated Press (AP)CenterEN 3 min read 100% complete by By KAITLYN HUAMANIJanuary 23, 2026 at 04:23 AM

AI Summary

medium article 3 min

TikTok has finalized a deal to form a new American entity, averting a potential U.S. ban. The company signed agreements with investors like Oracle and Silver Lake to create a U.S. joint venture operating under enhanced data and algorithm security measures. Adam Presser, former TikTok head of operations, will lead the new venture as CEO, working with a majority-American board including TikTok CEO Shou Chew. The agreement follows a law passed by Congress and signed by President Biden, mandating TikTok find a new owner to avoid a U.S. ban due to national security concerns related to its Chinese parent company, ByteDance. Former President Trump praised the deal and thanked China's President Xi for his cooperation.

Key Entities & Roles

Key Player Opposition Context

ByteDance 30% Joe Biden 40% Shou Chew 40% Adam Presser 50% Xi Jinping 50% MGX 60% Oracle 60% Silver Lake 60% China ×270% Donald Trump ×280% United States ×490% TikTok ×10100%

Keywords

tiktok 100% new american entity 90% united states 80% data protection 70% national security 70% algorithm security 60% donald trump 60% video sharing platform 50% content moderation 50% bytedance 40%