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What are the latest details on the TikTok deal?

Asked 3 hours ago

Answer

The latest TikTok deal involves a consortium led by Oracle, Silver Lake, and Andreessen Horowitz taking an 80% stake, with US investors in control and Chinese interests retaining 20%. The agreement addresses US national security concerns by recreating TikTok's algorithm in the US and placing data oversight with Oracle. Final details await a call between Trump and Xi Jinping.

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CNBC

Report: Consortium to control 80% TikTok stake

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Just In
  • A consortium is set to take control of TikTok under a new US-China deal. 13s
  • The consortium includes Oracle, Silver Lake, and Andreessen Horowitz. 21s
  • US investors will hold about 80% of TikTok, with Chinese interests retaining 20%. 24s
  • TikTok engineers will recreate content recommendation algorithms in the US using technology licensed from ByteDance. 43s
  • Oracle will control the data flow to address national security concerns. 49s
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References

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

A consortium of Oracle, Silver Lake, and Andreessen Horowitz will control 80% of TikTok, with US investors holding the majority and Chinese interests about 20%.

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

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

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

A TikTok deal is close, with the algorithm to be licensed to a US entity owned by new and existing investors, including some from ByteDance.

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

The US entity will continue using Oracle's servers and cloud infrastructure, following the precedent set by Project Texas.

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

Oracle is part of a group of companies that would allow TikTok to continue operating in the US, but the final structure and ByteDance's role remain unclear.

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

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

Trump teases framework for TikTok deal
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CBS News
1 day ago
Trump teases framework for TikTok deal

President Trump says there is a framework for a TikTok deal after positive talks between US and Chinese officials, with further discussion planned with President Xi Jinping.

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