tubefilter: “An internal memo sent to TikTok employees has confirmed a rumor that has been swirling for months: ByteDance is about to sell the U.S. version of its social video app to a White House-approved ownership group. In the memo, which was viewed by Axios, TikTok CEO Shou Zi Chew told his staff that TikTok U.S. will be sold to a consortium led by tech company Oracle, private equity firm Silver Lake, and Emerati-backed investors at MGX. The deal still needs to be officially rubber-stamped by the Chinese government (more on that in a bit), but Chew wrote that the deal is expected to close on January 22, 2026. If ByteDance and the U.S. government can shake hands by that date, they will end a year-long regulatory saga that left TikTok’s Stateside operating status hanging in the balance. One of President Trump’s first actions after retaking the Oval Office was a stay on the law that would have forced TikTok to choose between a divestment and a federal ban. Trump’s negotiations with China took longer than expected, necessitating additional delays that tested the constitutional bounds of the President’s power…”