FOX 45 News, January 2026
TikTok reached a deal with a group of investors to bring an end to a long-running legal saga and keep it running in the U.S. despite national security concerns over its connections to China that led Congress to ban it if it didn’t divest. A deal announced on Thursday will keep one of the most popular apps in the country, with around 200 million American users, operating into the future after years of consternation about the potential exposure of their data to China through a national security law that could compel TikTok parent company ByteDance to deliver it to the Chinese government. ByteDance and TikTok denied repeatedly that it would comply with such an order, but those assurances did little to soothe the apprehension.
The short-form video app will be operated in the U.S. by a new entity controlled by a majority of investors from the United States. Its investors include Oracle; Emirati investment firm MGX; and Silver Lake, another investment firm, that own more than 80% of the new venture. ByteDance will still control around 20%. A majority of the board for the new TikTok will also be American.
