What are the details regarding the TikTok deal?
Asked 2 hours ago
Answer
The TikTok deal involves Oracle managing TikTok's algorithm for U.S. users, majority American ownership, and a board with national security credentials. Major investors include Oracle, Silver Lake, and possibly the Murdoch family, Larry Ellison, and Michael Dell. The U.S. government will not take equity or a board seat. The deal aims to address data security and content manipulation concerns.
Now Playing
Oracle will manage TikTok's algorithm for U.S. users under Trump deal
Euronews · Just In
Euronews
Just In
- Oracle will take over TikTok's algorithm for U.S. users to avoid a ban.
- The deal gives Oracle a copy of the algorithm to address U.S. concerns about content manipulation. 10s
- TikTok's U.S. operations will be majority-owned by American investors and overseen by a security-focused board. 26s
- Oracle will independently monitor and secure U.S. user data, which will be stored in the U.S. 34s
- The deal follows legislation requiring ByteDance to sell TikTok's U.S. operations or face a ban. 52s
