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What are the details of the U.S. TikTok deal?

Asked 2 hours ago

Answer

The U.S. TikTok deal involves transferring TikTok's U.S. assets from ByteDance to American ownership, with a consortium led by Oracle, Silver Lake, and Andreessen Horowitz taking an 80% stake. Oracle will oversee data flow to address national security concerns, and TikTok's algorithm will be recreated in the U.S. using licensed technology. The deal awaits final confirmation and may require Congressional approval.

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CBC News

Deal reached to keep TikTok operating in U.S., Trump says

CBC News · Just In
CBC News
CBC News
Just In
  • A framework agreement has been reached to keep TikTok operating in the U.S. 9s
  • President Trump signed an executive order delaying the TikTok ban until December. 32s
  • The agreement allows TikTok to separate from ByteDance and seek an American buyer. 45s
  • The ban and its delay affect about 170 million American users. 57s
  • Canadian users are also impacted, with ongoing security reviews and restrictions. 2m 26s
International PoliticsTechnologySocial Media

References

Deal reached to keep TikTok operating in U.S., Trump says
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CBC News
3 hours ago
Deal reached to keep TikTok operating in U.S., Trump says

Trump signed an executive order delaying the TikTok ban until December, allowing time for TikTok to separate from ByteDance and find an American buyer.

Trump says U.S. has a buyer for TikTok
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Reuters
8 hours ago
Trump says U.S. has a buyer for TikTok

The agreement would transfer TikTok's U.S. assets from China's ByteDance to American ownership, potentially resolving national security concerns.

Report: Consortium to control 80% TikTok stake
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CNBC
22 hours ago
Report: Consortium to control 80% TikTok stake

A consortium including Oracle, Silver Lake, and Andreessen Horowitz will control TikTok, with U.S. investors holding about 80% and Chinese interests about 20%.

Report: Consortium to control 80% TikTok stake
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CNBC
22 hours ago
Report: Consortium to control 80% TikTok stake

TikTok engineers will recreate the content recommendation algorithms in the U.S. using technology licensed from ByteDance, and Oracle will control the data flow.

TikTok deal is close, sources say
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CNBC
1 day ago
TikTok deal is close, sources say

TikTok's algorithm will be licensed to a U.S. entity owned by new and existing investors, and the entity will use Oracle's servers and cloud infrastructure.

U.S., China reach framework deal on TikTok
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Reuters
2 days ago
U.S., China reach framework deal on TikTok

A framework agreement has been reached to transfer TikTok to U.S.-controlled ownership, with commercial terms agreed upon and final details pending a call between Trump and Xi Jinping.

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