TikTok finalizes deal to stay in the U.S.
CNBC Television·2026-01-23 19:25
Social media stocks are slightly higher today after the deal to keep Tik Tok in the US was finalized yesterday. Let's bring in Julia Borson to tell us how it's going to work. What are the details.Hi, Julia. >> Hi, Kelly. That's right.The Tik Tok app on your phone has new owners in the US and its algorithm is being retrained on US data. Now, the new company's majority owners are Oracle, Silverlake, and Abu Dhabi based MGX with 19% still owned by Bite Dance, and the and the app's 200 million US-based users wi ...