TikTok's Chinese owner ByteDance said it signed binding agreements with three managing investors to form a new TikTok-US joint venture.

So will TikTok be officially banned in the U.S. on Jan. 23, 2026, 368 days after the original ban was said to go ahead? Your guess is as good as ours — but given the evidence of the past year, it probably wouldn't be wise to bet your life savings on it.

TikTok has agreed to sell its U.S. operations to an investment group that includes Oracle, Silver Lake, and UAE-based company MGX, reports Axios. The "TikTok USDS Joint Venture LLC" that includes the three companies will own 45 percent of TikTok,

The popular video app will continue operating in the US after ByteDance agreed to spin off TikTok’s US business into a new joint venture under terms aimed at protecting American data and national security.

TikTok CEO Shou Chew told employees of the social media app Thursday that its owner, China’s ByteDance, has signed binding agreements to create a joint venture for the app in the United States, as agreed to in a deal with the Trump administration.

Since October, there has been no formal word on a deal between the Trump administration and China over the app.

The new arrangement will mean changes to TikTok’s algorithm, the secret sauce that powers its addictive video feed.