Trump Approves TikTok Deal with Oracle and Silver Lake to Avert Ban

#WashingtonDC, #UnitedStates
TikTok finalized a joint venture agreement with American investors to continue operations in the USA and avoid a nationwide ban.Adam Presser will lead the venture as it transfers majority ownership to Oracle, Silver Lake, and MGX while ByteDance retains a 19.9 percent stake.Trump approved the arrangement following an executive order that allowed the platform to resolve national security concerns through local data storage and algorithm licensing.
Published:23 Jan
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#UnitedArabEmirates#China#Trump#TikTok#ShouChew#Oracle#AdamPresser#SilverLake#XiJinping#MGX#MichaelDell#ByteDance#GuoJiakun#USA
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