#tiktok-divestment

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fromBusiness Insider
5 days ago

Read the memo TikTok's CEO sent staff after closing a deal to avoid a US ban

The TikTok divestment deal is done, and the company's CEO is jubilant. On Thursday, TikTok's top boss, Shou Chew, sent a message to US staffers, toasting the "great news" and thanking them for their "resilience." He also announced that "more than 200 million Americans now come to TikTok to be entertained, learn, and grow their business with a broader global community." Chew has good reason to take a victory lap.
Tech industry
fromGSMArena.com
5 days ago

TikTok finalizes a deal with US investors, it's now mostly owned by US entities

After months of negotiations, TikTok finalized a deal with several US-based investors days before the next deadline, after which TikTok would have allegedly been banned in the US. Today, TikTok was finally divested from ByteDance, which retains a 20% stake, while the other 80% is split between Oracle, Silver Lake, MGX and others. Each of those three companies gets a 15% stake.
Business
Apple
fromEngadget
5 days ago

The Morning After: Apple might be making its own AirTag-sized AI wearable

Apple is developing a wearable AI pin with cameras and mics while TikTok's US operations moved majority ownership to non-Chinese investors under new data and moderation controls.
Tech industry
fromBusiness Insider
2 weeks ago

TikTok is splitting its US staff into different companies as it prepares for a sale

TikTok splits its US operations; some US staff join a US joint venture, while others remain with a ByteDance-owned global commerce and services entity.
US politics
fromwww.bbc.com
1 month ago

TikTok owner signs deal to sell US business

ByteDance agreed to sell a majority stake in US TikTok to a joint venture including Oracle, Silver Lake and MGX; ByteDance will retain 19.9%, closing 22 January.
US politics
fromFortune
4 months ago

Larry Ellison's Oracle set to spearhead U.S. oversight of TikTok algorithm | Fortune

Oracle will lead U.S. oversight of TikTok's algorithm and security as part of a U.S. joint venture including investors like Silver Lake.
fromwww.aljazeera.com
4 months ago

TikTok ban in flux as White House announces China-US framework deal

The United States and China have reached a framework agreement to transfer TikTok's ownership to US control. Officials from both countries made the announcement on Monday. list of 4 itemsend of list The short-form video app was set to be banned in the US by Wednesday if its owner ByteDance did not agree to sell the company to a US-based operation or if the US did not extend a pause of the ban, which the White House has already done three times, most recently in June.
World politics
US politics
fromenglish.elpais.com
4 months ago

Trump announces framework' for deal with China to allow TikTok to keep operating in the US

U.S. and China reached a framework in Madrid to separate TikTok from ByteDance, pending final approval by Presidents Trump and Xi.
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