TikTok resolves a legal issue and sells the majority of its US operations

In order to avoid a ban and lower potential national security threats, ByteDance. The Chinese parent firm of TikTok, sold the majority of its US operations to non-Chinese investors on Thursday.

According to the parent firm, the new owners—Oracle, MGX, Silver Lake, and Michael Dell’s company—will hold over 80% of the new company, guaranteeing the survival of the well-known app in the US.

After more than a year of negotiations, the agreement puts an end to a six-year court battle. In order to avoid a ban and lower potential national security threats, ByteDance, the Chinese parent firm of TikTok, sold the majority of its US operations to non-Chinese investors on Thursday.

After more than a year of negotiations, the agreement puts an end to a six-year court battle.

In the midst of trade and technology tensions between the US and China, lawmakers, academic institutions, the military, and the White House have attempted to stop TikTok since 2019. Threats of a 14-hour outage and ban had been made against the app.

The sale was postponed until December 18, 2025, with the three companies owning 45% of the shares. Subsidiaries of ByteDance’s primary investors will own about 33% of the shares, with ByteDance retaining control over the remaining 18%.

With over 200 million users in the US, the site has become a crucial battlefield in the conflict between the two governments, and users and influencers. Organized protests and efforts to keep it running throughout the protracted legal limbo.