US EditionOracle, Silver Lake, MGX to be main investors in TikTok U.S. with 45% ownership, CNBC reports
President Trump signed an executive order enabling a U.S.-based ownership structure for TikTok, with Oracle, Silver Lake, and MGX holding about 45% of the company, addressing national security concerns.
- Earlier this week, CNBC reported Oracle, Silver Lake and Abu Dhabi's MGX will be the main investors controlling roughly 45% of TikTok USA, the story filed from San Jose, California.
- Last year, federal law raised requirements that forced ownership changes as the Protecting Americans from Foreign Adversary Controlled Applications Act requires apps like TikTok to be divested, and President Donald Trump delayed ByteDance's divestiture deadline to December 16.
- Reported filings indicate ByteDance will retain a 19.9% stake, ByteDance investors hold 35%, and General Atlantic, Susquehanna and Sequoia are expected to contribute equity, with board seats for TikTok USA possibly varying.
- President Donald Trump signed an executive order allowing a U.S. ownership deal for TikTok, the U.S. federal government will not take equity but will require a majority-American board, and officials urged MGX to join the coalition.
- Oracle will manage TikTok's security operations to address U.S. national security issues, and analysts say oversight will include U.S. algorithm and data security after the 19 January shutdown.
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Trump Signs Executive Order for TikTok Deal; Taiwan’s Rare Diplomatic Win Through Chips
President Donald Trump signed an executive order, paving the way for a long-awaited deal on the Chinese-owned app TikTok. Taiwan lifted planned chip export restrictions on South Africa. The rare sanctions had been imposed in response to South Africa downgrading Taiwanese offices—a move tied to its growing ties with China. Trump announced plans to use tariff revenue to support American farmers. This comes as Beijing halts U.S. soybean purchases a…
US President Trump has approved key points for how TikTok can be operated legally in the US. Investors are expected to operate a US version of the app in the future. Chinese President Xi has reportedly already approved it. However, questions remain.
Trump signs executive order supporting proposed deal to put TikTok under U.S. ownership
President Donald Trump has signed an executive order declaring that a proposed deal allowing TikTok to continue operating in the United States will be a qualified sale that meets national security concerns laid out by the law. Much is still…
Trump signs order backing deal to put TikTok under US ownership
WASHINGTON — President Donald Trump has signed an executive order that he says will allow TikTok to continue operating in the United States in a way that meets national security concerns laid out by the law. President Joe Biden signed legislation last year calling for China’s ByteDance to sell TikTok’s assets to an American company by early this year or face a ban, but Trump has repeatedly signed orders that have allowed TikTok to keep operating…
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