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TikTok Rescue Deal: ByteDance Sells U.S. Business to Oracle and Silver Lake to Avert Ban

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The years-long battle over the future of TikTok in America has finally reached a definitive resolution

the staff of the Ridgewood blog

Washington DC, in a landmark announcement on December 18, 2025, TikTok CEO Shou Zi Chew confirmed that parent company ByteDance has signed a binding agreement to restructure its U.S. operations. The deal creates a new American-based entity—TikTok USDS Joint Venture LLC—effectively ending the threat of a nationwide ban that was set to take effect in early 2026.

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