TikTok Secures U.S. Deal with Oracle-Led Investor Group
TL;DR Summary
TikTok and ByteDance have agreed to a joint venture majority-owned by American investors, including Oracle, Silver Lake, and MGX, allowing TikTok to operate in the U.S. under new security and content moderation terms amid ongoing U.S. government pressure for ByteDance to divest its U.S. operations due to national security concerns.
- TikTok Finally Strikes a Deal to Be Taken Over by Trump Allies Gizmodo
- TikTok signs deal to give U.S. operations to Oracle-led investor group NPR
- Oracle stock jumps 7% as cloud provider joins investor group to run TikTok's U.S. business CNBC
- Explainer: What is so special about TikTok's algorithm? Reuters
- TikTok signs deal to sell U.S. unit to American investors, including Oracle and Silver Lake PBS
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