The agreement establishes a new US-based TikTok entity led by Oracle, Silver Lake Management and Abu Dhabi-backed MGX, with TikTok CEO Shou Chew retaining global oversight of the platform while ...
A year ago, a law that effectively banned TikTok in the U.S. went into effect, though President Trump has not enforced it.
The TikTok USDS Joint Venture LLC will function as an independent entity with a seven-member board that includes TikTok CEO ...
The joint venture acquiring TikTok’s US assets has been formally established and has announced its leadership team, according to the company, one day before the deadline set by President Donald ...
Control of TikTok's American business has transferred from ByteDance to a U.S.-led ownership group just ahead of a Trump admin. deadline.
TikTok finalizes U.S. joint venture with Oracle and Silver Lake. New CEO Adam Presser leads American operations as ByteDance ...
TikTok officially established a majority American-owned joint venture to operate its US business, allowing it to avoid a ban over its Chinese ownership.
Deal keeps app available for more than 200 million U.S. users under new safeguards around data, algorithms and content ...
The deal, first announced in December, transfers control of TikTok's US operations to a new entity majority-owned by American investors, including cloud-computing giant Oracle, private-equity firm ...
A new American‑majority structure locks U.S. activity, algorithms, and apps like CapCut and Lemon8 behind added safeguards.
TikTok released some information about the deal Thursday night, but it remains unclear if it complies with a 2024 law.
TikTok’s new U.S. joint venture shifts ownership away from China. But users worry about surveillance, data control, and new ...