U.S. Treasury Secretary Scott Bessent announced that the U.S. and China have finalized a deal transferring TikTok’s U.S. operations to American investors, easing trade tensions.
Browsing: ByteDance divestment
Abu Dhabi’s royal family and U.S. investors including Oracle, Silver Lake, Dell, and Fox are set to take majority control of TikTok’s $14B American arm.
President Donald Trump is set to approve a deal transferring TikTok’s U.S. operations to American investors, ensuring U.S. control over data, ownership, and its algorithm.
President Donald Trump announced a deal with China allowing TikTok to continue operating in the U.S., with Oracle retaining its cloud partnership under the agreement.
ByteDance, parent of TikTok, plans a $200.41 per share employee buyback valuing it above $330 billion, as revenue surges despite U.S. scrutiny and India’s ban.
Blackstone exits TikTok U.S. deal as Trump-backed consortium nears agreement amid legal delays, investor shifts, and national security concerns over Chinese ownership.
TikTok plans a new US-only app launch before a possible sale, as ByteDance faces deadlines, legal hurdles, and political pressure to divest its American operations.