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
Tags
#UnitedArabEmirates#China#Trump#TikTok#ShouChew#Oracle#AdamPresser#SilverLake#XiJinping#MGX#MichaelDell#ByteDance#GuoJiakun#USA
Read more
CNBC BBC Business Insider LA Times Boston Globe
Discuss

#Oracle

#

GavinNewsom

Gavin Newsom Investigates TikTok Following Alleged Censorship of Trump

Tue
#

DonaldTrump

TikTok USA Users Face Outages and Privacy Fears After Oracle-Led $14 Billion Takeover

Tue
#

DonaldTrump

TikTok Outages and Censorship Claims Follow USA Takeover by Oracle and Trump Allies

Mon
#

LarryEllison

Oracle and Silver Lake Take Control of TikTok USA Following ByteDance Deal

23 Jan
#

Trump

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

23 Jan
1