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fromFortune
1 week ago
US politics

Trump thanks Xi, hails himself for closing TikTok deal: 'Long into the future I will be remembered by those who use and love TikTok' | Fortune

Tech industry
fromBusiness Insider
1 week ago

The TikTok deal is done. Here's what will change and what will stay the same.

TikTok spun off parts of its US business into a joint venture with Oracle, MGX, and Silver Lake; ByteDance keeps roughly 20% and controls e-commerce.
Venture
fromBenzinga
1 month ago

Leaked Memo Reveals Why TikTok's New US Owners May Have Less Power Than Expected

TikTok US ownership shifts: Oracle, MGX, and Silver Lake gain a 45% stake while ByteDance retains control over global operations, e-commerce, and advertising.
fromFortune
1 week ago
US politics

Trump thanks Xi, hails himself for closing TikTok deal: 'Long into the future I will be remembered by those who use and love TikTok' | Fortune

more#tiktok
fromBusiness Insider
1 week 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
fromABC7 Los Angeles
1 month ago

TikTok signs deal to sell US unit to American investors

SAN FRANCISCO -- TikTok has signed a deal to sell its U.S. business to three American investors - Oracle, Silver Lake and MGX - ensuring the popular social video platform can continue operating in the United States. The deal is expected to close on Jan. 22, according to an internal memo seen by The Associated Press.
Business
US politics
fromSocial Media Today
1 month ago

US TikTok Deal Remains in Limbo as Deadline Nears Once Again

TikTok's U.S. operations will transfer to a U.S.-based, majority American-controlled joint venture with ByteDance owning under 20%; DOJ enforcement paused for 120 days.
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