All articles tagged with #joint venture
TikTok is restructuring its US operations into a joint venture with Oracle, Silver Lake, and MGX as managing investors, focusing on national security tasks while ByteDance retains control over key revenue-generating areas like e-commerce and advertising, with the new investors having limited influence over these core business lines.
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 has reportedly signed a deal to spin off its U.S. operations into a joint venture with Oracle, Silver Lake, and MGX to comply with 2024 U.S. law banning TikTok unless ByteDance divests ownership. Oracle's stock rose over 4% on the news, as the deal secures a key cloud partnership and addresses regulatory requirements. The deal is expected to close by January 22, 2024, and reflects ongoing efforts to navigate U.S. restrictions on TikTok.
TikTok has signed an agreement to spin off its US assets into a new joint venture with American investors, including Oracle, Silver Lake, and MGX, moving closer to complying with US laws requiring ByteDance to divest US assets, with the deal expected to close by January 2026 pending regulatory approvals from both the US and China.
ByteDance has formed a joint venture to operate TikTok's US app, with American and global investors holding an 80.1% stake and ByteDance retaining 19.9%, aiming to address US national security concerns and avoid a ban, while questions about ByteDance's ongoing role remain.
TikTok has agreed to sell its U.S. operations to a joint venture controlled by American investors, including Oracle, Silver Lake, and MGX, ending a years-long saga driven by national security concerns, with the deal set to close on January 22.
Starbucks is selling a 60% stake in its Chinese operations to Boyu Capital for $4 billion to fund expansion and compete with local rivals like Luckin Coffee, aiming to increase its outlets from 8,000 to 20,000 in China while retaining 40% ownership and its brand rights.
Starbucks is forming a joint venture with Chinese firm Boyu Capital, selling a 60% stake in its China operations for $4 billion, valuing the business at over $13 billion, as it seeks to expand in smaller Chinese cities and compete with local startups.
Starbucks is selling a controlling stake in its China operations to Boyu Capital in a $4 billion deal, forming a joint venture where Starbucks will hold 40% and Boyu up to 60%, as part of its strategy to exit a declining market share in China due to fierce local competition.
Starbucks is forming a joint venture with Boyu Capital to operate its China stores, with Boyu investing around $4 billion for up to a 60% stake, aiming to unlock China's vast market potential amid recent sales challenges and increased local competition.
Airbus, Leonardo, and Thales are forming a joint venture to consolidate their space businesses, aiming to strengthen Europe's position in the global space market, with operations expected to start in 2027 and a projected annual revenue of €6.5 billion.
Meta and Blue Owl Capital have formed a joint venture to develop the Hyperion data center in Louisiana, with Blue Owl owning 80% and Meta 20%, involving a $27 billion investment to support Meta's AI and data needs, including construction, infrastructure, and long-term operations.
The TikTok deal involves creating a U.S.-controlled version of the app that will still use ByteDance's algorithm under licensing agreements, allowing ByteDance to retain ownership and profit while addressing U.S. security concerns. The deal could lead to significant financial gains for involved parties and potentially facilitate ByteDance's IPO, but it raises questions about the transparency and effectiveness of the U.S. oversight of the algorithm.
ByteDance will retain ownership of TikTok's U.S. operations but will transfer control of user data, content, and algorithms to a new joint venture, while ByteDance continues to oversee revenue-generating activities like e-commerce and advertising, amid ongoing negotiations and regulatory scrutiny.
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.