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What are the details of the potential TikTok deal?

Asked 1 hour ago

Answer

The potential TikTok deal involves transferring TikTok's U.S. operations to a U.S.-controlled entity, with Oracle playing a key role in cloud infrastructure. The agreement is a result of U.S. national security concerns and requires ByteDance to divest or face a ban. Final details, including control of the algorithm and commercial terms, are pending discussions between U.S. and Chinese leaders.

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TikTok deal is close, sources say

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Just In
  • A TikTok deal is reportedly close, according to sources familiar with the situation. 13s
  • The deal would license TikTok's algorithm to a US entity owned by new and existing investors. 19s
  • Oracle's servers and cloud infrastructure will continue to be used by the new entity. 44s
  • The agreement is separate from broader US-China trade negotiations. 5s
  • TikTok is expected to continue operations without interruption. 1m 24s
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References

TikTok deal is close, sources say
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CNBC
2 hours ago
TikTok deal is close, sources say

A TikTok deal is close, with the algorithm to be licensed to a U.S. entity owned by new and existing investors, including some from ByteDance. The entity will continue using Oracle's servers and cloud infrastructure.

Tech company Oracle could play key role in TikTok deal, sources say
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CBS News
3 hours ago
Tech company Oracle could play key role in TikTok deal, sources say

Oracle is part of a group of companies enabling TikTok to continue operating in the U.S., but the final structure and control over the algorithm remain unclear.

U.S., China reach framework deal on TikTok
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Reuters
16 hours ago
U.S., China reach framework deal on TikTok

The U.S. and China have reached a framework agreement to switch TikTok to U.S.-controlled ownership. Commercial terms are agreed, but further details await a call between President Trump and President Xi.

Trump teases framework for TikTok deal
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CBS News
24 hours ago
Trump teases framework for TikTok deal

There is a framework for a deal following talks between U.S. Treasury Secretary Bessen and Chinese officials, but ByteDance is reluctant to sell the algorithm, which is a key issue.

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