Dec 19, 2025, 06:51Dec 19, 2025, 06:51
According to media reports, a contract for a new company for the US business of the popular video app Tiktok is said to have been signed after months of tug-of-war. Tiktok boss Shou Chew informed employees of this in an email, wrote the website “Axios” and the financial service Bloomberg, among others.
The logo of the popular video app Tiktok.Image: keystone
As was already known, the investors include the software company Oracle, as well as the financial companies Silver Lake from the USA and MGX from Abu Dhabi.
According to “Axios”, they should hold around 45 percent of the new joint venture. Another 20 percent are said to belong to the previous owner, the China-based Bytedance Group – and around a third of the shares to Tiktok’s previous international investors, it was said. The transaction should therefore be completed on January 22nd.
Since the previous Tiktok parent company Bytedance has its headquarters in Beijing, the future of the app in the USA has been in limbo for months. According to a law passed last year, the US business should have been separated from Bytedance by January 19, 2025 – or the app would have been taken offline in the USA. However, President Donald Trump suspended implementation of the law as soon as he took office in January and has continued to extend the grace period ever since. According to him, he also obtained approval from the Chinese government months ago for the handover of Tiktok’s US business.
This event is unlikely to have any impact on Tiktok’s operations outside the USA. (dab/sda/dpa)