TikTok Partners with U.S. Investors to Launch New US Operations
TL;DR
TikTok has agreed to sell its U.S. operations to a consortium of American investors including Oracle and Silver Lake, with the deal expected to close by January 22. The new U.S. venture will have a majority-American board, local data storage, and oversight of content moderation, addressing U.S. security concerns and ending years of uncertainty about TikTok's future in the U.S.
- TikTok signs deal to sell U.S. unit to American investors, including Oracle and Silver Lake PBS
- TikTok has signed the deal to spin off its US entity with American investor group CNN
- China's ByteDance signs deal to form joint venture to operate TikTok US app Reuters
- TikTok Says It Signed Agreements to Create New US Joint Venture Bloomberg.com
- TikTok signs deal to form new US unit with American investors, including Oracle, Silver Lake ABC News
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