"A $14 billion deal secured TikTok'sAmerican future - and analysts say it marks a unique compromise in Washington and Beijing's ongoing tech fight. President Donald Trump issued an executive order on Thursday requiring TikTok's current owner, ByteDance, and its affiliates to own less than 20% of the new company. The exact make-up of the new consortium has not yet been revealed. Trump said on Thursday that Oracle and Larry Ellison would be part of the deal, which would include "four or five world-class investors.""
"Analysts told Business Insider that while the deal shows it's still possible for the two rivals to bargain, TikTok is likely a one-off - not a template for future disputes. The US-China tech rivalry has seen Washington clamp down on Chinese firms over security concerns - from banning Huawei's telecom gear in the US to cutting companies like SMIC off from advanced chips. Beijing, meanwhile, has been backing its own champions abroad, such as AI model DeepSeek."
A $14 billion transaction and an executive order require ByteDance and affiliates to hold less than 20% of the new TikTok company, securing the app's American operations. Oracle and Larry Ellison have been named as participants, while the full consortium remains undisclosed. The arrangement indicates a pragmatic middle ground between the U.S. and China on sensitive technology, relying on market-based mechanisms and compromise. Broader U.S.-China tech tensions persist, including restrictions on Huawei and SMIC and Beijing's support for domestic champions. Key uncertainties remain about the platform's algorithm, governance, and whether this sets any future precedent.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]