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.
306 Articles
306 Articles
Chinese social network TikTok, which otherwise faced a US market shutdown, has signed an agreement to sell its US operations to a joint venture led by US investors, including private equity firm Silver Lake and technology company Oracle, Reuters reported. The final deal is expected to close on January 22.
The Chinese social network has accepted the creation of an American joint venture that will operate independently of TikTok to ensure the platform's compliance with US law.
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…
ByteDance, the Chinese parent of the popular TikTok video platform, has agreed to sell its operations in the U.S. to a holding company led by U.S. investors in order to continue operating legally in the U.S., as several media outlets have advanced this Thursday that have had access to a memorandum from the company.
TikTok owners sell 80% interest in US app to avoid ban
TikTok's Chinese owner ByteDance signed binding agreements to form a joint venture that will hand control of operations of TikTok's US app to American and global investors, in a big step toward avoiding a US ban and ending years of uncertainty.
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…
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