Oracle, Michael Dell, named as investors in JV that will run TikTok's US operations

Made-in-China social network TikTok has announced the formation of a joint venture that will run its US operations, the condition lawmakers required for its flagship app to continue operating in America.

The JV is called TikTok USDS Joint Venture LLC and has published an announcement that reveals it has three “managing investors,” namely software giant Oracle, private equity firm Silver Lake, and Dubai-based tech investment firm MGX. Each of those three holds 15 percent of the JV.

ByteDance, the Chinese company that runs TikTok elsewhere, owns 19.9 percent of the venture. Dell Family Office, Michael Dell’s investment firm, also invested in the JV.

Oracle will have a huge role in TikTok’s US operations, hosting American users’ data in its cloud and serving as the consortium’s “trusted security partner.” The latter role will see it assist with ongoing review and validation of source code.

The JV also ...