ByteDance will retain ownership of TikTok's U.S. operations but will form a joint venture to manage data and algorithms. Amid scrutiny from lawmakers, the deal's structure is still evolving.
Despite selling a majority stake to American investors, TikTok's Chinese parent company, ByteDance, is set to keep around 50% of the profits from its US operations, according to insider sources.
In a landmark deal, the Abu Dhabi royal family is set to acquire a 15% stake in TikTok's US operations, valued at $14 billion. This move comes after Trump signed an executive order aimed at ensuring American control over the app and protecting user data.
In a bold move, President Trump signed an Executive Order to save TikTok, ensuring its operations are secure and majority-owned by U.S. investors, while protecting the data of 170 million American users.
President Trump has signed an executive order facilitating the potential sale of TikTok's U.S. assets, bringing the deal closer than ever. With a valuation near $14 billion, key investors like Oracle are involved, but uncertainties remain.
In a significant announcement, President Trump revealed an agreement allowing U.S. investors to take control of TikTok, easing fears over data privacy and algorithm manipulation. With a valuation of $14 billion, this deal marks a pivotal moment for the popular app.
In a groundbreaking move, Trump signs an executive order to transfer TikTok to US owners, ensuring its continued operation. This deal gives American companies significant control over the popular app's algorithm and data, reshaping the future of social media.
In a crucial move to keep TikTok operational in the U.S., a new deal has been reached that excludes government equity stakes, with Oracle set to oversee security. President Trump will back the plan and extend the ban deadline once again.
In a surprising revelation, Donald Trump claims that Rupert and Lachlan Murdoch may lead a group to acquire TikTok in the US. Amid national security debates, Trump praises the Murdochs as 'American patriots' ready to take charge of the app.
The White House has revealed details of a TikTok deal with China that would allow the app to operate in the US under strict data privacy measures. Oracle will manage user data, and a new board will ensure American oversight.
