TikTok has signed agreements with Oracle, Silver Lake, and MGX to form a new U.S. joint venture, allowing the platform to continue operating in the United States.

The deal, expected to close on January 22, gives the investor group 50% ownership, while ByteDance and its affiliates retain 50%, with a majority-American seven-member board overseeing the company.

U.S. user data will be stored locally by Oracle, and TikTok’s algorithm will be retrained on U.S. data to prevent outside manipulation.

The venture will also manage content moderation and policies domestically, addressing longstanding national security concerns over Chinese control of the algorithm, ABC News has reported.

The agreement ends years of uncertainty over TikTok’s U.S. operations, following bipartisan legislation and multiple executive orders aimed at ensuring the platform’s compliance with American law.