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

#WashingtonDC, #UnitedStates
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.
Published:23 Jan
Tags
#Belgium#Germany#UnitedArabEmirates#China#LarryEllison#ByteDance#DonaldTrump#TikTok#JoeBiden#USA#JasmineEnberg#Oracle#MattNavarra#SilverLake#AnnaLührmann#MGX#JohannesSchätzl#EdEast#KiraKirby#KelseyChickering
Read more
MS NOW AP Vogue Business Correctiv
Discuss

#Oracle

#

GavinNewsom

Gavin Newsom Investigates TikTok Following Alleged Censorship of Trump

Tue
#

DonaldTrump

TikTok USA Users Face Outages and Privacy Fears After Oracle-Led $14 Billion Takeover

Tue
#

DonaldTrump

TikTok Outages and Censorship Claims Follow USA Takeover by Oracle and Trump Allies

Mon
#

LarryEllison

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

23 Jan
#

Trump

Trump Approves TikTok Deal with Oracle and Silver Lake to Avert Ban

23 Jan
1