TikTok announced Thursday the successful finalization of an ownership restructuring that implements the framework outlined in President Trump’s September executive order, establishing a majority American-owned entity with specified governance and security structures. The deal brings to fruition months of negotiations following the executive guidance.
The completed transaction reduces ByteDance’s ownership to a 19.9% minority stake, while American investors collectively control 80.1% of the new US-based company. The American ownership group features three primary stakeholders with equal shares: Oracle at 15%, Silver Lake at 15%, and MGX at 15%. The investment firm associated with Michael Dell, founder of Dell Technologies, also contributes to the ownership structure.
This settlement stems from congressional legislation passed in 2024 that required TikTok to divest from Chinese ownership or face prohibition from American digital platforms. After the Supreme Court validated the ban in January 2025, President Trump issued a series of executive orders delaying enforcement. In September, he signed an executive order that outlined a specific plan for US investors to take majority control and for the new version of TikTok to be governed by a seven-member, majority-American board of directors composed of cybersecurity and national security experts.
Adam Presser will assume the role of CEO for the American TikTok entity, as contemplated in the executive order framework, leveraging his extensive experience from previous leadership positions within the company. The organization will operate under the supervision of a seven-member board of directors, structured exactly as outlined in the September executive order with an American majority and populated by cybersecurity and national security experts. Shou Chew, TikTok’s current global CEO, will serve on the board.
The restructured company implements the security measures specified in the executive order framework, including comprehensive data protection protocols, secured algorithm architecture, enhanced content moderation systems, and software integrity verification processes. The platform’s recommendation algorithm will undergo complete retraining based solely on US user data, with continuous testing and refinement to ensure independent operation. Both US and Chinese government officials have approved the arrangement, with President Trump publicly expressing thanks to Chinese President Xi Jinping for his role in facilitating the deal that implements the executive order framework.
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