TikTok Signs U.S. Deal to Establish Separate American Unit
TL;DR Summary
TikTok has signed agreements with Oracle, Silver Lake, and MGX to form a new US-based joint venture, ensuring its continued operation in the US with local data storage, a US-majority board, and content moderation, amid ongoing security concerns and regulatory pressures.
- TikTok signs deal to form new US unit with investors, including Oracle, Silver Lake AP News
- TikTok has signed the deal to spin off its US entity with American investor group CNN
- China's ByteDance signs deal to form joint venture in step to avoid US TikTok ban Reuters
- TikTok Signs Agreements With Investors in Step Toward Avoiding a U.S. Ban The New York Times
- Scoop: TikTok signs deal for U.S. unit after yearslong saga Axios
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