TikTok confirmed Thursday that it has finalized an ownership restructuring establishing a majority American-owned entity that includes investment from Michael Dell’s firm, adding another technology industry pioneer to the American ownership consortium. The agreement showcases leadership from multiple technology sector veterans.
ByteDance, the Beijing-based technology company behind TikTok, has agreed to reduce its ownership stake to 19.9% in the American entity, while US investors control 80.1%. While Oracle, Silver Lake, and MGX each hold 15% stakes, Michael Dell’s investment firm contributes additional capital and brings the perspective of another technology industry founder who built a global corporation.
The deal brings together technology leadership spanning different eras and specialties: Larry Ellison built Oracle into an enterprise software giant, Michael Dell founded and grew Dell Technologies into a comprehensive technology solutions provider, Silver Lake brings decades of technology investment expertise, and MGX contributes sovereign investment experience. This diverse technology sector leadership creates well-rounded American ownership.
Leadership of the American entity falls to Adam Presser as CEO, supported by ownership from technology pioneers who understand platform operations, business models, and competitive dynamics. The seven-member board benefits from this ownership group’s collective expertise. Shou Chew participates as a board member within this technology veteran-supported structure.
The new US entity implements comprehensive security with technology sector expertise informing effective implementation: data protection leveraging enterprise-grade practices Dell and Oracle pioneered, algorithm security applying software development discipline, enhanced moderation using scalable approaches, and software integrity drawing on decades of system security knowledge. The recommendation algorithm undergoes retraining with technical rigor technology veterans expect. Both governments approved this technology leadership approach bringing together pioneers from across the industry.
