Oracle and other investors have a deal with TikTok parent ByteDance to own the video app's U.S. operations. But we don't know all the details yet.

TikTok’s long-running US ownership saga may be nearing a resolution, with reports suggesting its US operations could shift from ByteDance to a new American-led joint venture as early as January 2026.

TikTok CEO Shou Chew told employees of the social media app Thursday that its owner, China’s ByteDance, has signed binding agreements to create a joint venture for the app in the United States, as agreed to in a deal with the Trump administration.

So will TikTok be officially banned in the U.S. on Jan. 23, 2026, 368 days after the original ban was said to go ahead? Your guess is as good as ours — but given the evidence of the past year, it probably wouldn't be wise to bet your life savings on it.

The inaugural TikTok Awards will be livestreamed on TikTok and Tubi at 6 p.m. PT on Thursday, Dec. 18. Viewers should RSVP for the livestream on the TikTok website.

After six years, a new law, and a Supreme Court fight, ByteDance’s Project Texas may have won out after all. On Thursday, TikTok parent company ByteDance announced to its staff that it had signed an agreement to sell a portion of TikTok — known as United States Data Services — to a group of mostly U.S.-based investors.