The TikTok US sale is finally happening
TikTok has finalized the deal to sell its US business to Oracle, Silver Lake, and Abu Dhabi's MGX, with ByteDance retaining a 20% stake.
Why it matters
The TikTok sale resolves a major geopolitical dispute between the US and China over the popular social media app.
Key Points
- 1TikTok has finalized the deal to sell its US business
- 2Oracle, Silver Lake, and Abu Dhabi's MGX will own 45% of the company
- 3ByteDance will hold a 20% stake, with the rest owned by ByteDance investors
Details
The deal is set to close on January 22nd, ending a long-running saga around TikTok's US operations. Throughout 2025, the Trump administration had threatened to ban TikTok in the US unless its Chinese parent company ByteDance divested its American business. This led to negotiations with various potential buyers, including Oracle and Microsoft. The final deal sees Oracle, Silver Lake, and Abu Dhabi's MGX taking a majority stake, while ByteDance retains a 20% ownership.
No comments yet
Be the first to comment