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What are the details of the TikTok deal?

Asked 2 hours ago

Answer

The TikTok deal involves transferring U.S. operations into a new American joint venture, majority-owned by U.S. investors such as Oracle, Michael Dell, and the Murdochs. Oracle will manage and secure TikTok's algorithm for U.S. users, with all U.S. user data stored domestically. The U.S. government will not take equity or a board seat. The deal aims to address national security concerns and delay a potential ban.

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CBS News

White House announces details of TikTok deal

CBS News · Just In
CBS News
CBS News
Just In
  • White House announces details of a plan to keep TikTok operating in the US. 6s
  • Proposal involves moving TikTok's US operations to a new American joint venture. 36s
  • Oracle will oversee security and retrain the TikTok algorithm, with majority ownership by American investors. 48s
  • An executive order is expected to delay a potential ban for 120 days while details are finalized. 1m 29s
  • Experts highlight ongoing questions about whether the algorithm can be updated outside the US, raising concerns for Congress. 1m 51s
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References

White House announces details of TikTok deal
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CBS News
3 hours ago
White House announces details of TikTok deal

The proposal moves TikTok's U.S. operations into a new American joint venture, creates and licenses a copy of the TikTok algorithm, and places control with American investors.

White House announces details of TikTok deal
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CBS News
3 hours ago
White House announces details of TikTok deal

Oracle will handle security, retrain the algorithm, and the joint venture will be majority-owned by American investors including Michael Dell, the Murdochs, and Larry Ellison.

Oracle will manage TikTok's algorithm for U.S. users under Trump deal
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Euronews
13 hours ago
Oracle will manage TikTok's algorithm for U.S. users under Trump deal

Oracle will take over TikTok's algorithm for U.S. users to address concerns about content manipulation and data security.

Oracle will manage TikTok's algorithm for U.S. users under Trump deal
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Euronews
13 hours ago
Oracle will manage TikTok's algorithm for U.S. users under Trump deal

TikTok will be owned by a majority of American investors and controlled by a board with national security and cybersecurity credentials.

Oracle will manage TikTok's algorithm for U.S. users under Trump deal
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Euronews
13 hours ago
Oracle will manage TikTok's algorithm for U.S. users under Trump deal

Oracle will serve as TikTok's trusted security provider, independently monitoring the safety and data security of all U.S. user data.

WH official: U.S. govt will not take equity in TikTok joint venture
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CNBC
1 day ago
WH official: U.S. govt will not take equity in TikTok joint venture

Oracle will be the security provider for TikTok, and the U.S. joint venture will be majority-owned by American investors such as Silver Lake.

WH official: U.S. govt will not take equity in TikTok joint venture
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CNBC
1 day ago
WH official: U.S. govt will not take equity in TikTok joint venture

The U.S. government will not take an equity stake or have a representative on the board of the new entity.

Trump says Murdochs would be involved in TikTok deal
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Reuters
1 day ago
Trump says Murdochs would be involved in TikTok deal

Lachlan Murdoch and other U.S. business leaders like Larry Ellison and Michael Dell are named as potential investors in the TikTok deal.

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