US EditionTikTok Buyers to Include Oracle, Silver Lake and Andreessen
- US and Chinese officials reached an agreement on a framework to transfer TikTok's US operations to American companies during bilateral discussions held over the weekend in Spain.
- This agreement follows a US law passed last year requiring ByteDance to divest its US TikTok operations due to concerns over user data access by the Chinese government.
- The deal involves new and existing ByteDance investors, with Oracle keeping its role managing TikTok's data and software updates, and completion expected within 30 to 45 days.
- Economist Liang Yan indicated that the agreement might involve a revised ownership structure or permit the United States to license certain proprietary technologies, while Beijing could aim to obtain reductions in tariffs or easing of high-tech export restrictions.
- The framework deal aims to secure national security while enabling TikTok's continued US operations, with a confirming call planned on Friday between Presidents Trump and Xi Jinping.
65 Articles
65 Articles
The movements for China’s TikTok operations in the U.S. to come under U.S. control can take place. These assets could be acquired by a consortium of investors that includes Oracle, Andreessen Horowitz and the private capital firm Silver Lake Management, under a framework agreement that President Donald Trump plans to discuss with Chinese President Xi Jinping this week, according to Bloomberg, who cites knowledgeable sources of the process. Trump…
US investors, Trump close in on TikTok deal with China - Editor and Publisher
TikTok’s U.S. business would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz under a framework the U.S. and China are finalizing as talks shift into high gear, according to people familiar with the matter.
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