In a significant development, TikTok's parent company, ByteDance, has successfully negotiated a deal that will prevent the popular app from facing a ban in the United States. This agreement establishes a US-focused joint venture, with a majority stake held by American and global investors. While ByteDance will maintain a minority ownership, this move aims to address long-standing national security concerns that have loomed over the platform.
The new venture is set to be partly owned by a consortium of investors, including prominent names like Oracle, Silver Lake, and the Emirati inv estment firm MGX. This arrangement, slated for completion on January 22nd, marks the culmination of years of pressure from Washington to divest TikTok's US operations. It aligns with previous efforts, such as a September delay on enforcement of a potential ban, which was contingent on a sale of the app's US assets.
TikTok has emphasized that this deal will allow over 170 million Americans to continue engaging with the platform as part of a global community. Under the terms of the agreement, ByteDance will hold a 19.9% stake in the joint venture. Oracle, Silver Lake, and MGX will each possess 15%, while the remaining 30.1% will be distributed among affiliates of existing ByteDance investors. This structure is designed to appease US authorities while allowing ByteDance to retain some connection to its highly successful application.
Fuente Original: https://tech.slashdot.org/story/25/12/19/2150202/tiktok-owner-signs-deal-to-avoid-us-ban?utm_source=rss1.0mainlinkanon&utm_medium=feed
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