Oracle, Silver Lake, and MGX have acquired TikTok's U.S. assets, forming a joint venture named TikTok USDS, with ByteDance retaining a 19.9% stake. The consortium will hold 50% control over the venture, with Oracle responsible for managing U.S. data storage. However, TikTok's core algorithms will remain under ByteDance's control in China. This transaction complies with U.S. ownership regulations, reflecting ongoing trends in cross-border technology agreements.