White House Details TikTok Deal with Oracle and U.S. Oversight
TL;DR
The White House announced a preliminary deal allowing TikTok to operate in the U.S. without the government taking an equity stake or 'golden share,' with TikTok's U.S. operations to be controlled by Americans and overseen by Oracle, as President Trump prepares to sign an executive order supporting the deal and extending the deadline for TikTok's divestment or ban.
- TikTok deal won't include 'golden share' or equity for U.S., Trump administration says CNBC
- TikTok’s algorithm will be controlled by Oracle in the US after the sale is completed CNN
- American Investors Will License and Oversee TikTok’s U.S. Version, White House Says The New York Times
- Oracle stock rises as White House names software giant in TikTok deal; company announces CEO shakeup Yahoo Finance
- White House discloses more details of deal to save TikTok Axios
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