"According to a new report, though, it appears that would see 80 percent of TikTok's ownership go to a consortium that includes Trump allies such as Larry Ellison's Oracle, Andreessen Horowitz, and Silver Lake. The other 20 percent of the company would still be owned by Chinese stakeholders. It appears that China would continue to hold on to the technology behind TikTok, such as its much sought after algorithm, and would license it to the new U.S. company."
"The U.S.'s ban has been pushed back yet again by President Donald Trump. Trump has that December 16, 2025 is the new deadline for TikTok and its China-based parent company Bytedance to come to an agreement to sell off the app if it wants to continue to operate in the U.S. Earlier this week, Trump and members of his administration shared that there was a "" for a deal with China to sell off TikTok. However, at the time, details surrounding the deal were scarce."
President Donald Trump set December 16, 2025 as the deadline for TikTok and parent Bytedance to reach an agreement to sell the app to continue operating in the U.S. Reported terms would give a consortium including Larry Ellison's Oracle, Andreessen Horowitz, and Silver Lake 80% ownership while Chinese stakeholders retain 20% and likely keep the algorithm and other technology under license. Congress backed a TikTok ban on national security grounds. Trump supported the ban previously but shifted after TikTok aided his 2024 campaign and has repeatedly extended prior deadlines.
Read at Mashable
Unable to calculate read time
Collection
[
|
...
]