U.S.-China TikTok Deal: Oracle to Manage U.S. Version Amid White House Agreement
TL;DR Summary
A U.S.-based joint venture involving Oracle, Silverlake, and other investors will take control of TikTok, with the U.S. government not holding a stake, aiming to address national security concerns while preserving the app for American users.
- Deal for TikTok creates U.S. joint venture, and government won’t have a stake NPR
- American Investors Will License and Oversee TikTok’s U.S. Version, White House Says The New York Times
- Oracle stock rises as White House names software giant in TikTok deal; company announces CEO shake-up Yahoo Finance
- Oracle will manage TikTok's algorithm for US users under Trump administration deal ABC News - Breaking News, Latest News and Videos
- Trump says Larry Ellison, Michael Dell and Murdochs will be involved in TikTok deal CNN
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 4 min read
Condensed
94%
635 → 36 words
Want the full story? Read the original article
Read on NPR