business
On January 22, 2026, a long-running fight over an app's American operations ended when a new joint venture officially took control.
Oracle leads the investor group that now controls TikTok's U.S. operations and algorithm. On January 22, 2026, the Oracle-led consortium, alongside Silver Lake and Abu Dhabi's MGX, took a combined 50% stake in the new U.S. joint venture, with Oracle specifically overseeing U.S. user data and retraining the app's recommendation algorithm.
Microsoft and Walmart had both been floated as potential TikTok buyers earlier during the long-running saga over the app's American operations, but neither ended up leading the group that finally took control in this deal.
ByteDance retained a 19.9% stake in the new joint venture, meaning the deal fell short of the full clean break from its Chinese parent company that some lawmakers had originally demanded.
business
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