TikTok in the United States is about to see significant change as a new US-based algorithm is introduced in the name of "protecting Americans' data and US National Security."

The Chinese-owned video app formalized commitments from the software giant Oracle and two investment firms as part of a deal to keep operating in the United States.

After much uncertainty over whether the popular app TikTok would remain in the United States, the company has signed a deal to sell its U.S. operations to a group of American investors.

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.

The owner of TikTok has agreed to create a joint venture that will make the popular social media app majority-owned by American investors.

TikTok has signed the deal backed by President Donald Trump to spin off its US assets to create a new entity with a group of mostly American investors, CEO Shou Chew told employees in a memo Thursday.

The deal comes more than a year after Congress passed a law that forced its owner ByteDance to divest its US operations or face a ban.

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.