TikTok Secures US Deal with Oracle and Silver Lake Amid Algorithm Concerns
TL;DR Summary
A deal has been reached between the US and China to keep TikTok operational in the US, with Oracle hosting TikTok servers and a potential sale of TikTok's US operations, following previous threats of a ban due to national security concerns. The agreement is expected to be finalized within 30 to 45 days.
- TikTok to stay in the US as Donald Trump says deal is done BBC
- Oracle, Silver Lake would play key roles in TikTok deal between Trump administration and China CBS News
- TikTok users would feel the impact if algorithm isn't part of a sale, experts say USA Today
- Beijing says TikTok’s US app will use Chinese algorithm Financial Times
- TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say CNBC
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