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of <h1>TikTok U.S. business transfer into majority-American joint venture with Oracle data controls, restructuring to avert statutory ban</h1> TikTok and ByteDance entered binding agreements to transfer TikTok's U.S. business into a new U.S. joint venture with majority American ownership and governance, including a seven-member majority-American board; this restructures control to meet U.S. legal requirements conditioning continued operations on divestiture from ByteDance. The agreements prescribe U.S.-focused data and security controls: U.S. user data must be stored locally on an Oracle-run system, the recommendation algorithm must be retrained on U.S. user data to prevent external manipulation, and the U.S. venture will assume responsibility for domestic content moderation and policy. The transaction is intended to avert a statutory U.S. ban triggered by failure to change ownership by the mandated deadline.
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