TikTok’s U.S. unit to be run by Oracle-Silver Lake-led JV after deal sign-off

The U.S. and China have signed off on a deal to place TikTok’s U.S. operations in a joint venture led by Oracle and Silver Lake, as part of ByteDance divestment to address national-security concerns; more details are expected soon, per a memo Chew outlined. The Trump administration had previously signaled support by pausing a ban, while China remains cautious, and the closing deadline has been extended to Jan. 23.