Here's what you should know about the US TikTok deal | TechCrunch

"TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for years now due to concerns about user data potentially being accessed by the Chinese government. As a result, U.S. users have often found themselves caught in the middle of this tension. Last year, the app experienced a temporary outage in the U.S. that left millions of users in suspense before it was quickly restored."

"A number of investors competed to purchase the app, and after Trump extended the TikTok ban deadline for the fourth time, the battle is finally over. As of December, TikTok officially signed a deal to divest a portion of its U.S. entity to a group of American investors. And now the deal is set to close this week, Semafor reported on Thursday."

"According to a memo viewed by TechCrunch, the investor group consists of Oracle, private equity firm Silver Lake, and investment firm MGX. Collectively, they will hold 45% of the U.S. operation, with ByteDance keeping nearly a 20% stake. Axios first reported the news, citing sources who estimate TikTok U.S. is valued at approximately $14 billion - a figure also mentioned by Vice President JD Vance."

TikTok, owned by ByteDance, faced long-standing U.S. national security concerns over potential Chinese government access to user data, prompting regulatory pressure and a temporary U.S. outage. The app was restored and returned to the App Store and Google Play. A deal to divest part of TikTok's U.S. operations to American investors was finalized, with the transaction set to close this week after presidential approval and reported Chinese assent. The investor consortium includes Oracle, Silver Lake, and MGX, collectively holding 45% of TikTok U.S. while ByteDance retains nearly 20%, and the U.S. business is estimated near $14 billion.

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