The Wall Street Journal is reporting that under the framework U.S.-China TikTok deal, about 80% of TikTok's U.S. business would be owned by Oracle, Silver Lake, and Andreesen Horowitz.
Breakdown
- 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