US EditionWhat to Know About the Deal to Keep TikTok in U.S.
ByteDance formed a U.S.-majority joint venture with 80.1% American ownership to secure data and avoid a ban amid ongoing national security concerns.
- On Thursday, ByteDance finalized a deal creating TikTok USDS Joint Venture LLC to keep the app operating in the United States, with 80.1% owned by American and global investors, and ByteDance holding 19.9%.
- The 2024 divest-or-ban law forced negotiations to remove ByteDance's control, resolving years of uncertainty since 2020 with deadline extensions and President Donald Trump's executive order.
- The seven-person board will include TikTok CEO Shou Chew, with Oracle, Silver Lake, and MGX each holding 15% stakes, and the algorithm licensed from ByteDance retrained on U.S. data.
- U.S. creators and businesses worry that a retrained algorithm could alter discoverability and commerce on the platform, with TikTok Shop driving 80% of sales and analysts noting potential feed and moderation changes.
- Amid limited disclosure, lawmakers demanded answers and oversight, with Sen. Ed Markey saying `This lack of transparency reeks` and the U.S. Congress and the House Select Committee on China urging investigations to protect national security.
20 Articles
20 Articles
TikTok has finally concluded an agreement to keep the popular video sharing platform operating in the US after years of uncertainty, but there is still doubt as to whether the user experience will change and whether the changes really address security concerns around the app. This is what you should know about the agreement, which created a new joint venture of TikTok in the US after the social video platform company signed agreements with major…
Congress doesn’t seem to know if the TikTok deal complies with its law
TikTok finally closed a deal meant to bring it into compliance with the law that should have banned it a year ago, and the lawmakers who passed that law still don't seem to know what's going on. The company announced Tuesday that its US service is now part of the separate TikTok USDS Joint Venture LLC, with parent company ByteDance holding just a 19.9 percent stake in that new entity. The rest is owned by Oracle and investment firms Silver Lake …
National security experts argue U.S. TikTok deal falls short
President Trump announced a deal to keep TikTok available in the U.S. The agreement caps a six-year legal and geopolitical fight after Congress passed a law requiring TikTok to divest from its Chinese parent company or face a ban. The administration says the deal protects American users from Chinese influence, but many national security experts argue it falls short. Nick Schifrin reports.
What we know about who's buying TikTok's US business
Oracle's CTO Larry Ellison, TikTok's CEO Shou Chew, and Michael Dell.Andrew Harnik/Getty Images; Anna Moneymaker/Getty Images; Andrew Caballero-Reynolds/AFP via Getty ImagesTikTok's owner has closed a deal to sell a portion of its US assets to a consortium of investors.Oracle, Silver Lake, and MGX combined will own 45% of the new joint venture.ByteDance, TikTok's parent company, will maintain a 19.9% ownership stake.Who's grabbing control of Tik…
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