Trump-Backed Investors Win Majority Control of U.S. TikTok, White House Says
TL;DR
The U.S. and China have approved a deal to place TikTok’s U.S. operations into a seven-member, American-led joint venture majority-owned by investors including Oracle and Silver Lake (ByteDance retains a 19.9% stake), addressing national-security concerns and avoiding a full ban.
- White House and China finalize deal to sell control of U.S. TikTok business to investors backed by Trump administration NBC News
- Exclusive / China, US sign off on TikTok US spinoff Semafor
- TikTok is still a danger. America no longer cares The Economist
- The TikTok Deal Is Awful Slate
- US and China sign off on TikTok deal Politico
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