Majority US-owned enterprise involves Larry Ellison’s Oracle, private-fairness group Silver Lake and Abu Dhabi’s MGX
TikTok announced on Thursday it had closed a deal to build a brand current US entity, permitting it to sidestep a ban and ending a long true battle.
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The deal finalized by ByteDance, TikTok’s Chinese proprietor, units up a majority American-owned enterprise, with merchants including Larry Ellison’s Oracle, the non-public-fairness group Silver Lake and Abu Dhabi’s MGX proudly owning 80.1% of the current entity, while ByteDance will hold 19.9%.
This text became amended on 23 January 2026 to clarify that the current board involves a senior consultant to TPG, no longer a up to date TPG executive.
