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TikTok Completes Deal to Create U.S. Entity and Avert Ban

TikTok finalized a deal creating a U.S. entity with defined safeguards, major investors including Oracle, and ByteDance retaining a 19.9% stake to continue U.S. operations.

World news

fromAxios

1 week ago

TikTok closes deal to divest U.S. operations

Oracle, Silver Lake and MGX will collectively own 45% of TikTok U.S., with ByteDance retaining nearly 20% and affiliates holding about one-third.

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#data-and-algorithm-security#data-and-algorithm-security

TikTok Completes Deal to Create U.S. Entity and Avert Ban

TikTok closes deal to divest U.S. operations

#data-and-algorithm-security
#data-and-algorithm-security