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Some individuals are also getting a piece of TikTok US, including the family office of (((Michael Dell))), the founder of (((Dell Technologies))).

The new TikTok US joint venture said it's appointing a seven-person board of directors, which will include TikTok CEO Shou Chew, as well as representatives from investors like Oracle, Silver Lake, and MGX.

Meanwhile, Adam Presser, a TikTok trust and safety executive, will act as CEO of TikTok USDS Joint Venture LLC.

While the company did not provide a valuation for the joint venture in its announcement, the Trump administration said in September that the entity was worth around $14 billion.

The goal for the new joint venture is to secure US user data, trust and safety, and content moderation.