TikTok's Big Move: New Deal Keeps the App Thriving in the USA!

TikTok's Big Move: New Deal Keeps the App Thriving in the USA!

Hey TikTok fans! Get ready for some exciting news! TikTok is here to stay in the US, thanks to an epic team-up with Oracle, Silver Lake, and MGX. They've signed some major agreements turning TikTok's American dreams into reality!

According to a report from The Associated Press, ByteDance, TikTok's parent company, is joining forces with these power players to keep your favorite app running smoothly in the US. Expect things to get official by January 22, keeping your For You Page fresh and buzzing!

Shou Zi Chew, ByteDance's CEO, dropped the news along with a shoutout to the TikTok crew for their hard work and dedication. Chew wrote, “Thanks for always keeping us on top and making sure TikTok grows and shines both in the US and worldwide!”.

Under the new US-only setup, Oracle, Silver Lake, and MGX each grab a 15% slice of the pie, with ByteDance holding 19.9%. And get this: TikTok plans to level up its recommendation algorithm using American data only—promising an uninfluenced and stellar content feed!

After facing challenges like the “divest-or-ban” law, which once pushed TikTok offline in the USA, this new venture marks a big win! TikTok braved through deadlines but has come out on top with this deal to please lawmakers and secure its place in the US

Financial details of this cool collab remain under wraps, but everyone’s buzzing about TikTok's massive valuation—which experts previously pegged over $50 billion!

As the TikTok journey continues with a strong American-led board and ultra-secure data storage, we can all gear up for an even brighter TikTok future, right in our backyard!

So, TikTok and chill—it’s all systems go in the US!