LeadStory

What is happening with TikTok?

Asked 9 hours ago

Answer

The U.S. and China have reached a framework deal for TikTok, requiring ByteDance to divest its U.S. operations or face a ban. A consortium led by Oracle, Silver Lake, and Andreessen Horowitz will control about 80% of TikTok, with U.S. investors in the majority. The deal addresses national security concerns by moving TikTok's algorithm and data handling to the U.S., with Oracle overseeing data flow.

Now Playing

CNBC

Report: Consortium to control 80% TikTok stake

CNBC · New
CNBC
CNBC
New
  • 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
BusinessTechnologySocial Media

References

Report: Consortium to control 80% TikTok stake
Icon
CNBC
13 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
Icon
CNBC
13 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
Icon
CNBC
18 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, and continued use of Oracle's cloud infrastructure.

Tech company Oracle could play key role in TikTok deal, sources say
Icon
CBS News
19 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 U.S., but the final structure and control over the algorithm remain unclear.

U.S., China reach framework deal on TikTok
Icon
Reuters
1 day 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 after negotiations in Madrid.

U.S., China reach framework deal on TikTok
Icon
Reuters
1 day ago
U.S., China reach framework deal on TikTok

A law passed in 2024 requires ByteDance to sell TikTok to an American company or face a ban, due to national security concerns.

What Are People Asking?