ByteDance and TikTok have signed binding agreements with Oracle, Silver Lake and Abu Dhabi–based MGX to sell most of TikTok’s U.S. operations to a new joint venture, avoiding a threatened U.S. ban after months of negotiations to place the business under American control.The investors will form TikTok USDS Joint Venture LLC; Oracle, Silver Lake and MGX together will hold 45 percent, ByteDance will retain about 19.9 percent, affiliates linked to existing investors will take the rest, and ByteDance is selling roughly 80 percent overall.The structure calls for a majority-American seven-member board to oversee content moderation, policy and software assurance, Oracle to run the domestic system that stores U.S. user data and to act as a trusted security partner, and algorithm retraining on American user data, but the deal still needs Chinese regulatory sign-off and legal and diplomatic approvals before closing and faces a DOJ enforcement deadline on Jan 23.