US EditionTikTok signs deal to sell US unit to American investor-led venture
- On January 22, TikTok and ByteDance signed binding agreements to sell TikTok's U.S. entity to a U.S. joint venture led by American investors, per an internal memo.
- Since 2020, U.S. officials pursued legal measures including a 2024 law upheld by the Supreme Court in January, and the White House and Chinese government reached a September deal in principle to sell the U.S. operations.
- The new TikTok U.S. joint venture will allocate 50% to a consortium of new investors, with Oracle, Silver Lake, and affiliates of ByteDance each holding 15%, while ByteDance retains nearly 20%.
- A completed sale would end a years-long effort to force ByteDance to sell its U.S. operation and preserve TikTok's ability to operate under U.S.-led control.
- The White House and the Chinese government hammered out the September framework guiding U.S.-led investor selection, while President Donald Trump’s administration delayed enforcement via executive orders seeking a negotiated sale.
287 Articles
287 Articles
TikTok's Chinese owner, ByteDance, has signed a binding deal with US and global investors for the bulk of its US business, TikTok chief executive Shou Zi Chew told company employees. Half of the joint ownership will belong to a group of investors including Oracle, Silver Lake and UAE investment firm MGX, according to a memo sent by the chief executive, the BBC reports. The deal, which is expected to close on January 22, comes after years of Wash…
According to media reports, TikTok is about to secure its survival in the US after months of hanging. According to media reports, the contract for a new company for the US business of the popular video app has been signed. TikTok CEO Shou Chew has communicated this to employees in an e-mail. Investors include the software group Oracle, as well as the financial companies Silver Lake from the USA and MGX from Abu-Dhabi. According to Axios, they ar…
The future of Tiktok in the USA was suspended for months. According to media reports, the handover of the US business to new owners has now been sealed.
The Chinese social network TikTok is taking a crucial step to maintain its operations in the United States by signing an agreement to establish an American joint venture TikTok signed the agreement
TikTok's long-postponed plan to separate from his Chinese matrix ByteDance was launched on Thursday, when the popular video exchange platform announced it would be acquired by a group of buyers led by Oracle.
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TikTok USDS Joint Venture LLC is the U.S. co-company created to comply with U.S. law and that the Chinese social network can continue to be used in the U.S.
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