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Silver Lake

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politics1 month ago

US-Backed TikTok Deal Sets Up American-Controlled Unit

TikTok has finalized a $14 billion deal to create a U.S.-based subsidiary with a seven-member board, granting Oracle, Silver Lake, MGX, and the Dell Family Office 15% stakes each and leaving ByteDance with about a 20% stake. The U.S. entity will operate independently and control the app’s algorithm and data within its cloud, addressing national-security concerns and allowing the previously proposed ban to be avoided after approval from Trump.

via Politico|
#bytedance#oracle#politics
TikTok’s U.S. sale seals ahead of looming ban
business1 month ago

TikTok’s U.S. sale seals ahead of looming ban

TikTok closed the sale of its U.S. operation to a US-backed joint venture led by Oracle, Silver Lake, and MGX just before the White House ban would take effect. The USDS Joint Venture will oversee U.S. data protection, algorithm security, and content moderation, licensing the ByteDance algorithm and retraining it on U.S. user data with Oracle auditing compliance. ByteDance retains a minority stake, while new investors include Michael Dell’s family office, Alpha Wave, and Revolution. Valued at about $14 billion, the deal shifts from earlier terms amid conflicts of interest and marks the culmination of years of national-security pressure to divest the U.S. operation; enforcement of the ban had been postponed after a 2025 Supreme Court ruling.

via Axios|
#business#bytedance#oracle
US-led TikTok deal seals long-term future in America
business1 month ago

US-led TikTok deal seals long-term future in America

The US deal to spin TikTok’s US assets into a majority-American joint venture has closed, with Oracle overseeing data storage and a 50/50 ownership split between ByteDance affiliates and a consortium led by Oracle, Silver Lake and MGX. The JV will retrain the platform’s algorithm on US data and manage US content moderation, addressing national-security concerns while ByteDance retains control of the global TikTok entity. While the arrangement aims to secure TikTok’s US presence, questions remain about whether it fully resolves security risks. The agreement is expected to preserve access for more than 200 million US users.

via CNN|
#business#bytedance#national-security
politics1 month ago

TikTok’s U.S. unit to be run by Oracle-Silver Lake-led JV after deal sign-off

The U.S. and China have signed off on a deal to place TikTok’s U.S. operations in a joint venture led by Oracle and Silver Lake, as part of ByteDance divestment to address national-security concerns; more details are expected soon, per a memo Chew outlined. The Trump administration had previously signaled support by pausing a ban, while China remains cautious, and the closing deadline has been extended to Jan. 23.

via Politico|
#bytedance#oracle#politics
TikTok US spinoff clears final hurdles with Oracle-led buyout
business1 month ago

TikTok US spinoff clears final hurdles with Oracle-led buyout

The U.S. and China signed off on ByteDance’s plan to divest TikTok’s U.S. business into an independent, mostly American‑owned entity led by Oracle and Silver Lake, with ByteDance retaining a minority stake and a seven‑member American‑majority board safeguarding data protection, content moderation and the algorithm, aiming to close by Jan. 22 to meet regulatory requirements.

via Semafor|
#business#bytedance#divestment
TikTok Partners with U.S. Investors to Launch New US Operations
business2 months ago

TikTok Partners with U.S. Investors to Launch New US Operations

TikTok has agreed to sell its U.S. operations to a consortium of American investors including Oracle and Silver Lake, with the deal expected to close by January 22. The new U.S. venture will have a majority-American board, local data storage, and oversight of content moderation, addressing U.S. security concerns and ending years of uncertainty about TikTok's future in the U.S.

via PBS|
#business#bytedance#oracle
business5 months ago

Electronic Arts to be Taken Private in $55 Billion Acquisition

Electronic Arts (EA) is set to be acquired by a consortium of PIF, Silver Lake, and Affinity Partners for $55 billion in an all-cash deal, representing the largest sponsor take-private investment in history, with EA's stockholders receiving $210 per share, a 25% premium. The deal aims to accelerate EA's growth and innovation in entertainment, with the transaction expected to close in Q1 FY27, subject to regulatory approvals and shareholder consent.

via Electronic Arts Home Page|
#acquisition#affinity-partners#business
business5 months ago

Electronic Arts to Go Private in $55 Billion Deal

Electronic Arts (EA) is set to be acquired by a consortium of PIF, Silver Lake, and Affinity Partners for $55 billion in an all-cash deal, representing the largest sponsor take-private investment in history, with EA stockholders receiving $210 per share, a 25% premium. The transaction aims to accelerate EA's growth and innovation in entertainment, with the deal expected to close in Q1 FY27 pending regulatory and shareholder approval.

via Electronic Arts Home Page|
#acquisition#affinity-partners#business
Electronic Arts Nears $50 Billion Buyout to Go Private
business5 months ago

Electronic Arts Nears $50 Billion Buyout to Go Private

Electronic Arts is set to be acquired by a group of investors including the Public Investment Fund, Silver Lake, and Affinity Partners for $55 billion, in the largest all-cash sponsor buyout in history, with the deal expected to close in Q1 FY27. CEO Andrew Wilson will remain in his role, and the transaction involves a significant increase in PIF's stake in EA.

via GamesIndustry.biz|
#acquisition#affinity-partners#business