TikTok's US spinoff to Oracle, Silver Lake, and MGX has closed after a White House official said the US and China finalized ...

TikTok announced Thursday it has established a majority American-owned joint venture to operate its US business, allowing the ...

The arrangement shifts U.S. data control and operations domestically to address national security concerns.

The remainder of the TikTok US team — in ecommerce, advertising and marketing — will remain under ByteDance. In early January ...

The U.S. and China have both signed off on TikTok’s long-awaited divestment deal, clearing way for the popular social media ...

The app itself still faces an uncertain future—one that might result in a platform that is far more right-leaning, more hostile, and less secure.

Through the sale, the Chinese video platform avoids a ban in the USA. A law passed in 2024 aims for the forced sale of the US ...

Chinese ByteDance to retain less than 20% stake; Oracle, Silver Lake, MGX will each hold 15%, according to Semafor - Anadolu ...

Oracle (ORCL) is burning cash for AI, while still paying out $1.4B in dividends. Larry Ellison holds 40% ORCL stock. 2 more ...

The U.S. and China have approved a deal to sell TikTok's U.S. business to a consortium of primarily U.S. investors.

Investing.com -- China and the United States have approved a deal to sell TikTok’s US operations to a group of mostly American investors led by Oracle and Silverlake, according to Semafor. The ...