According to the news agency Bloomberg, in the new structure, investors including Oracle, Silver Lake, and MGX will own 50% of the shares of American TikTok. The remaining shares will be distributed as follows: 30.1% will remain with the current investors of ByteDance, and 19.9% will be controlled by ByteDance itself.
According to the agency's information, the involvement of American investors will improve content moderation on the TikTok platform and ensure the protection of user data from the U.S. The new board of directors will consist of seven members, most of whom are U.S. citizens. However, control over TikTok's advertising direction in the U.S. and the TikTok Shop division will remain with ByteDance.
In his statement on the social network Truth Social, Donald Trump noted that TikTok will now be in the hands of "a group of great American patriots and investors." He also expressed gratitude to Chinese President Xi Jinping for supporting the deal, adding that he could have acted differently but chose not to interfere, which deserves respect.
Currently, TikTok has about 200 million users in the U.S. In 2024, the U.S. Congress passed a law that could lead to the platform being blocked if ByteDance does not sell TikTok. This decision was prompted by concerns about potential misuse of access to user data or the use of the app to spread narratives favored by Beijing. The deal was initially planned to be completed by January 2025; however, President Trump repeatedly extended the deadlines for its conclusion.
