TikTok Signs Agreement for Sale of U.S. Unit, Axios Reports, Citing a Memo

Dow Jones12-19 06:42

--TikTok has signed a deal to sell its U.S. unit to a joint venture, Axios reports, citing an internal memo.

--In an agreement set to close Jan. 22, Oracle Corp., Silver Lake and Abu Dhabi's MGX would own 45% of the U.S. unit, according to the memo, the report said.

--About one-third of the U.S. unit would be held by affiliates of existing investors of Beijing ByteDance Technology and about 20% would be retained by ByteDance, the memo sent by CEO Shou Chew said, Axios reported.

Full article at https://www.axios.com/2025/12/18/tiktok-sale

Write to Daniel Papp at daniel.papp@wsj.com

(END) Dow Jones Newswires

December 18, 2025 17:42 ET (22:42 GMT)

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