Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

YOU WONT BELIEVE: Tiktok us operations set to spin off under deal with oracle silver lake and mgx - You Need To See This

Illustration of TIK TOK, October 16, 2025. TikTok is a mobile application for sharing short creative videos and images, as well as a social network based on a recommendation algorithm favoring virality.

TikTok is moving closer to staying online in the United States after reaching a major deal to separate its US business from its China-based parent company, ByteDance.

The plan, backed by President Donald Trump, would place TikTok's US operations into a new company owned mostly by American investors, according to a memo sent to employees by CEO Shou Chew.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.