Oracle and Silver Lake Take Control of TikTok USA Following ByteDance Deal

ByteDance finalized a deal to transfer control of TikTok operations in the USA to a new joint venture led by Oracle, Silver Lake, and MGX.The restructuring follows years of political pressure and legal battles aimed at addressing national security concerns and data privacy.While the agreement secures the platform's future in the USA, experts warn that a siloed algorithm trained only on domestic data may limit global virality.