TikTok has successfully completed an ownership restructuring that establishes a majority American-owned entity under the framework of presidential executive authority, the company announced Thursday. The deal allows the platform to continue US operations while satisfying requirements outlined in executive orders issued by President Trump.
The finalized ownership structure reduces ByteDance to a 19.9% minority stake, while American investors collectively hold 80.1% of the new US-based company. The American ownership consortium features three equal partners at 15% each: Oracle, the technology infrastructure and cloud computing company; Silver Lake, a major private equity firm focused on technology sector investments; and MGX, an investment fund based in Abu Dhabi. The investment firm associated with billionaire Michael Dell also participates.
This settlement addresses legislation passed by Congress in 2024 with overwhelming bipartisan support, requiring TikTok to separate from Chinese ownership or face prohibition from American digital platforms. The Supreme Court validated the ban in January 2025, affirming congressional authority. However, President Trump utilized executive discretion granted under the legislation to delay enforcement while facilitating negotiations, ultimately issuing executive orders in September that outlined the framework for US investor majority control.
The restructured American TikTok will be led by Adam Presser as CEO, utilizing his institutional knowledge from previous senior leadership roles with the company. Strategic oversight will be provided by a seven-person board of directors, deliberately constructed with an American majority and filled with cybersecurity and national security experts. Current TikTok CEO Shou Chew will join the board, maintaining continuity between the US entity and global operations.
The company has outlined specific protective measures for American users, including comprehensive data protection systems, algorithm security protocols, enhanced content moderation capabilities, and software integrity assurances. The platform’s content recommendation algorithm will undergo complete retraining based exclusively on US user data, with rigorous testing and continuous updates to ensure independence from foreign systems. Both US and Chinese government officials have approved the final arrangement, with President Trump publicly expressing thanks to Chinese President Xi Jinping for his role in facilitating the agreement.
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