TikTok closes deal to remain in the United States

Group 1 - TikTok has finalized a deal to remain operational in the US, with its US arm being acquired by a group of investors led by Oracle, ending a prolonged period of uncertainty regarding a potential ban in the United States [1] - The deal addresses concerns about data security and foreign influence, as Oracle will secure TikTok's algorithm and ensure that US user data is protected from external interference [2][3] - The ownership structure will limit ByteDance's stake to less than 20%, with other investors, including Cescuana, also holding portions of the company [4] Group 2 - TikTok currently boasts 200 million users in the US, with 7.5 million businesses utilizing the platform, indicating its significant market presence [5] - The resolution of the deal is seen as a relief for investors, suggesting that operations and user engagement will largely remain unchanged moving forward [5]