US EditionTikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement: CNBC
- 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.
32 Articles
32 Articles
TikTok is on the way to changing hands in the United States. And everything points to the fact that the Oracle technology, which is responsible for providing data storage services from 2022 to the Chinese 'app', will play a key role in the survival of technology in the country. According to US media, including 'CBS', the firm based in Austin, in collaboration with other investors, is the one that is best placed to take control of the new TikTok …
Oracle, Andreessen Horowitz consortium will control 80% of TikTok in U.S.: report
TikTok‘s U.S. operations would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz, under a framework the U.S. and China are finalizing, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. A new company will be created to operate TikTok, with U.S. investors holding a roughly 80% stake and Chinese shareholders owning the rest, the report said. The company would also have a…
Trump's TikTok deal will give control to a group of US investors, report says
The plan to "save" TikTok is starting to come into focus. On Tuesday The Wall Street Journal reported more details about a deal between the US and China as the two sides are apparently "finalizing" specifics of the arrangement. According to the report, TikTok's US business will be owned primarily by a group of US investors, which will have a "roughly" 80 percent stake in the entity. The group includes longtime TikTok partner Oracle, as well as S…
Report: Oracle, Silver Lake and Andreessen Horowitz to have stake in TikTok
TikTok, owned by ByteDance, allows users to share short-form video content. (Stock image) TikTok’s U.S. business is set to be restructured under a new American-led company backed by Oracle, Silver Lake and Andreessen Horowitz, according to a report published on Tuesday. The report, from the Wall Street Journal, says a framework of the deal was discussed during U.S.-China trade talks in Spain. The deal would give U.S. investors about 80 percent c…
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