TikTok Signs Joint Venture Deal, Because Being Owned By Everyone Is Easier Than No One
KEY POINTS
- •TikTok reached a $14 billion joint venture deal with investors to operate independently in the US, announced in an internal memo.
- •The move follows a Supreme Court ruling that upheld a 2023 law forcing ByteDance to divest TikTok’s US operations or face a ban.
- •President Trump signed an executive order in September approving the sale to a group including Oracle and Larry Ellison.
After spending over a year dodging a congressional ban that accused it of being the American equivalent of a foreign spy, TikTok finally struck a $14 billion deal to create a US joint venture with a mystery squad of 'four or five world-class investors,' featuring Oracle CEO Larry Ellison as a supposed savior. This deal allows TikTok, formerly a temporary wallflower—remember the January blackout when it literally chose to disappear?—to pretend it’s an 'independent entity' while still cozying up to ByteDance globally for the retail muppet show and ad dollars. Meanwhile, Supreme Court slammed TikTok's First Amendment claim, Justice: 1, TikTok: 0. Oh, and President Trump gave his blessing with an executive signature that’ll haunt him in boardroom memes, as the company keeps juggling deadlines and dramas like a reality TV star with too many scripts.
Share the Story
When your social app is so toxic it needs a $14B US custody agreement, maybe it's time to uninstall your own dysfunction.
TikTok’s latest stunt is less 'dress for success' and more 'assembled by committee to dodge legal bullets.'
Nothing screams America like selling TikTok to 'four or five world-class investors,' because owning a social app is obviously easier than banning it.
Source: Businessinsider | Published: 12/18/2025 | Author: Dan Whateley,Lloyd Lee
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