The TikTok US plan has officially landed, and ByteDance retains a 19.9% stake in the joint venture

TikTok announced that it has established the TikTok USDS Joint Venture LLC. This joint venture will be responsible for data protection, algorithm security, content moderation, and software assurance for TikTok in the United States.

The TikTok USDS joint venture is composed of three managing investors: Silver Lake, Oracle, and MGX, each holding a 15% stake. Other investors include the Dell family office, Vastmere Strategic Investments, LLC, Alpha Wave Partners, and Revolution, among others. ByteDance retains a 19.9% stake in the joint venture.