Key Highlights
- TikTok USDS Joint Venture LLC is majority-owned by American investors.
- The new entity is governed by a board of seven directors, including TikTok CEO Shou Zi Chew.
- ByteDance holds a 19.9% stake in the new US entity.
- Oracle will manage TikTok's content recommendation algorithm.
- The deal secures TikTok's operations for its 200 million American users.

