TikTok’s U.S. unit to be run by Oracle-Silver Lake-led JV after deal sign-off
TL;DR
The U.S. and China have signed off on a deal to place TikTok’s U.S. operations in a joint venture led by Oracle and Silver Lake, as part of ByteDance divestment to address national-security concerns; more details are expected soon, per a memo Chew outlined. The Trump administration had previously signaled support by pausing a ban, while China remains cautious, and the closing deadline has been extended to Jan. 23.
- US and China sign off on TikTok deal, sources say Politico
- TikTok is still a danger. America no longer cares The Economist
- Exclusive / China, US sign off on TikTok US spinoff Semafor
- Why TikTok’s Spinoff in the US Still Matters Bloomberg.com
- US, China agree to spin off TikTok's US operation, White House official confirms Fox Business
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