TikTok U.S. venture established with three 15% managing investors
Reporting and findings
- reported
TechCrunch identified Larry Ellison, whose Trump ties it also noted, as Oracle's co-founder, executive chair, and chief technology officer; Oracle received a 15% managing stake and the trusted-security-partner role in the U.S. TikTok venture created under Trump's order.
- TechCrunch: What you should know about the owners of US TikTokOracle stake, security-partner duties, Larry Ellison leadership, and Trump ties
- TikTok USDS Joint Venture LLC via Silver Lake: TikTok USDS Joint Venture LLC Established in Compliance with U.S. Regulatory RequirementsOracle 15% managing stake and trusted security partner
- The White House: Saving TikTok While Protecting National Security, Executive Order 14352Executive Order 14352 divestiture framework
- documented
TikTok USDS Joint Venture LLC announced its establishment under Trump's September 2025 order with Oracle, Silver Lake, and MGX each holding 15% as managing investors and ByteDance retaining 19.9%; a seven-member majority-American board governed the independent entity.
- TikTok USDS Joint Venture LLC via Silver Lake: TikTok USDS Joint Venture LLC Established in Compliance with U.S. Regulatory RequirementsEstablishment, board, and ownership structure, lines 7-31
- The White House: Saving TikTok While Protecting National Security, Executive Order 14352Section 2(c), implementation-agreement condition
- TechCrunch: What you should know about the owners of US TikTokIndependent ownership breakdown and ByteDance retained stake
Summary and current status
Oracle, Silver Lake, and MGX each received 15%, while ByteDance retained 19.9% and a broader investor consortium held the remainder.
Joint venture established
People and organizations
- MGX15% managing investor
- Oracle Corporation15% managing investor
- Silver Lake15% managing investor
- Larry EllisonTrump ally and Oracle executive chair
- TikTok USDS Joint Venture LLCnew majority-American-owned operator
- Donald J. Trumppresident whose order supplied the divestiture framework
Relationships in this file
- Donald J. Trumpformed under Trump's divestiture orderTikTok USDS Joint Venture LLC
- Donald J. Trumpreceived 15% managing stake under Trump frameworkOracle Corporation
- Donald J. Trumpreceived 15% managing stake under Trump frameworkMGX
- Donald J. Trumpreceived 15% managing stake under Trump frameworkSilver Lake
- Donald J. Trumpally led Oracle as it received TikTok stakeLarry Ellison
Money trail
equityByteDance retained stake19.9% percent ownership - Ownership holder / recipient
- ByteDance
equityMGX managing stake15% percent ownership - Ownership holder / recipient
- MGX
equityOracle managing stake15% percent ownership - Ownership holder / recipient
- Oracle
equitySilver Lake managing stake15% percent ownership - Ownership holder / recipient
- Silver Lake