TikTok’s long-awaited US sale may finally be happening, according to new reports

• TikTok’s US sale could close on January 22, 2026
• A new US-led joint venture would take control of operations
• ByteDance would hold a minority stake

TikTok’s fate in the United States has been in flux since Congress passed a law compelling its sale to U.S. owners, and after several deadline extensions by Trump’s White House, the long-awaited deal may finally be in motion.

According to reports from CNBC and Axios, TikTok CEO Shou Zi Chew confirmed that in a deal set to close on January 22, 2026, TikTok in the US will be a part of a new joint venture dubbed ‘TikTok USDS Joint Venture LLC.’ Oracle, Silver Lake, and Abu Dhabi-based MGX will be the three main partners, among other new investors, but it will be shared with China-based ByteDance – the original owner of TikTok – which will still retain a percentage ...