TikTok has signed a deal to establish a joint venture primarily controlled by American investors, set to close on January 22, 2026. U.S. investors will gain full control over TikTok's algorithm and decision-making processes. The joint venture will involve partial ownership transfer to firms including Oracle Corporation, Silver Lake, and MGX. The agreement follows an Executive Order by President Trump on September 25, 2025, mandating that the U.S. joint venture be majority owned by American investors and governed by a majority-American board of directors. The deal aims to address concerns about the influence of TikTok's algorithm on public opinion and will ensure U.S. user data is stored in a secure cloud environment managed by Oracle. There are uncertainties regarding potential Chinese government intervention and compliance with congressional stipulations.