All articles tagged with #us ownership
Originally Published 23 days ago — by Ars Technica
ByteDance confirms TikTok will be controlled by a US company following a deal expected to close on January 22, valued at around $14 billion, but the specifics remain unclear, raising concerns among lawmakers about national security and algorithm control.
Originally Published 3 months ago — by AP News
The House committee chair has requested a White House briefing on the proposed U.S. deal to acquire TikTok, which involves divesting from Chinese parent ByteDance, amid ongoing negotiations and concerns over Chinese influence, algorithm control, and valuation issues.
Originally Published 3 months ago — by AP News
President Trump signed an executive order allowing TikTok to operate in the US under a new deal approved by China's Xi Jinping, involving a US-controlled joint venture with American investors like Oracle and Silver Lake Partners, aiming to address national security concerns while maintaining TikTok's popularity among young Americans.
Originally Published 3 months ago — by The Guardian
President Trump signed an executive order to transfer TikTok's US operations to American ownership, primarily led by Oracle, with the deal separating TikTok from its Chinese parent ByteDance and establishing a new US-controlled version of the app, amid ongoing US-China negotiations and concerns over data privacy and national security.
Originally Published 3 months ago — by The New York Times
The White House announced a deal where Oracle will oversee the security of U.S. user data and monitor TikTok's recommendation algorithm, which will be licensed to an American investor group, to prevent a ban and address national security concerns related to Chinese ownership. The deal involves U.S. companies owning around 80% of TikTok in the U.S., with Oracle and Silver Lake investing, and aims to keep the algorithm under U.S. control while excluding China from access to American data.
Originally Published 3 months ago — by Axios
The White House announced that a deal to transfer TikTok's U.S. platform to American ownership, including control of its key algorithm, is finalized and will be signed soon, with Oracle responsible for data security and a majority of ownership held by Americans.
Originally Published 3 months ago — by Bloomberg.com
The US will take majority control of TikTok through a deal that gives Americans six of seven board seats, with the platform's algorithm US-controlled and data stored in the US, involving Oracle as security provider, to address national security concerns.
Originally Published 3 months ago — by The New York Times
President Trump has extended the deadline to resolve TikTok's US ownership issue until December 16, as negotiations with China and potential US investors, including Oracle, progress towards a deal where TikTok's American operations would be spun off into a new company with reduced Chinese ownership, addressing national security concerns.