We are learning that Tik Tok has signed a joint deal, a joint venture deal to give half of its US assets to a team of American investors. And that puts an end to a year's long legal saga over one of the most popular apps in the world. That according to an internal memo by the Tik Tok CEO.We're going to go right now to NBC's Brian Chong. Brian, I'm told uh that rather I'm old enough and I'm told that I'm old enough to remember when Tik Tok was at risk of going dark in the US. So, uh, more about what we know ...

TikTok's parent signs binding agreements to create a US joint venture majority-owned by American investors. https://t.co/sBSht9Ib2v📷: Gabby Jones/Bloomberg https://t.co/zOILlHUbJw ...

Breaking news this evening. A major development regarding Tik Tok. Yeah.The company telling employees in a memo today. The social media app's parent company Bite Dance has signed a series of binding agreements to create a US joint venture that will be majority owned by American investors. Tik Tok CEO telling employees, quote, "Tik Tok Global's US entities will manage global product interoperability and certain commercial activities including e-commerce, advertising, and marketing." Chef, what does this mean ...

Group 1 - TikTok has reportedly signed deals to establish a U.S. joint venture [1] - The joint venture will utilize Oracle's cloud business as its backbone [1]

Core Insights - TikTok has finalized agreements with investors for a new US joint venture, with a closing date set for January 22, 2026, as per a memo from CEO Shou [1] - The joint venture will be structured with 50% ownership by a consortium of new investors, including Oracle, Silverlake, and MGX, each holding 15%, while 30.1% will be held by affiliates of existing investors, and 19.9% will be retained by ByteDance [2][3] Ownership Structure - The joint venture's ownership will consist of 50% held by new investors, with Oracle being the largest holder among them [3] - The remaining 50% will include 30.1% from existing investors and 19.9% retained by ByteDance, which is crucial for meeting the requirement of US ownership exceeding 50% and reducing ByteDance's stake below 20% [2][3] Operational Focus - The US joint venture will be responsible for overseeing data protection, algorithm security, content moderation, and software assurance [2]

confirmed with sources close the situation that Tik Tok has signed the agreements with its investors regarding a new Tik Tok US joint venture. We've obtained a memo sent from Shou, the CEO of Tik Tok to employees with an update in the US business in which he confirms the closing date of January 22nd, 2026. This is the date from um that Trump had set as the the final deadline.He notes that they have signed the agreement and he notes that the US joint venture will be half held 50% held by a consortium of new ...

TikTok CEO Shou Chew told employees that the social media app’s parent company, ByteDance, signed binding agreements to create a US joint venture majority-owned by American investors https://t.co/xQM1ub8mfd ...

Core Points - BPCE and Generali have decided to end negotiations regarding the establishment of a joint venture in asset management, concluding that the conditions for a final agreement are not currently present [2][1] - Both companies reaffirm their commitment to developing a competitive financial industry in Europe, contributing to the region's economic success [2] Company Overview: BPCE - Groupe BPCE is the second-largest banking group in France and the fourth-largest in the euro zone by capital, serving 35 million customers globally through its retail banking and insurance operations [3] - The group employs 100,000 staff and operates through major networks including Banque Populaire and Caisse d'Epargne, as well as Natixis Investment Managers for asset and wealth management [3] - BPCE's financial strength is recognized by four credit rating agencies, with ratings including A1 from Moody's and A+ from both Standard & Poor's and Fitch [3] Company Overview: Generali - Generali is one of the largest integrated insurance and asset management groups globally, with a total premium income of €95.2 billion and €863 billion in assets under management (AUM) as of 2024 [4] - The company operates in over 50 countries, employing around 87,000 staff and serving 71 million customers, with a strong presence in Europe and growing markets in Asia and Latin America [4] - Generali's strategy focuses on customer commitment through innovative solutions and sustainability, aiming to create value for stakeholders and build a more resilient society [4]

Core Insights - Sappi Ltd. and UPM-Kymmene Corp. plan to form a joint venture in Europe for graphic paper, valued at approximately 1.42 billion euros ($1.65 billion) [1][3] - The joint venture aims to enhance profitability amid a decline in demand for graphic paper in Europe, alongside challenges such as overcapacity and rising input costs [3][4] Group 1: Joint Venture Details - A non-binding agreement has been signed, with definitive agreements expected in the first half of 2026 and a target closure by the end of next year, subject to regulatory and shareholder approval [2] - The joint venture will not be listed on any stock exchange [2] Group 2: Market Context - The European graphic paper industry is facing a "sustained structural decline in demand," exacerbated by rising wood and energy costs due to geopolitical tensions, particularly the war in Ukraine [3][4] - The joint venture is seen as a strategic move to consolidate and rationalize the industry, aiming for a more stable and resilient business model [4] Group 3: Financial Implications - Expected operational synergies from the joint venture are projected to reach at least 100 million euros ($116.5 million) annually, leading to improved profitability and cash flow generation [5] - Sappi's business is valued at 320 million euros ($372.7 million), while UPM's business is valued at 1.1 billion euros ($1.28 billion) [5]

Core Viewpoint - UPM and Sappi have signed a nonbinding letter of intent to create a joint venture focused on the graphic paper market, with both companies owning equal shares in the venture [1][2]. Group 1: Joint Venture Details - The joint venture will encompass UPM's Communication Paper business and Sappi's Graphics Paper business in Europe [2]. - This collaboration reflects both companies' long-term commitment to the graphic paper market, aiming to solidify their dedication through actionable steps [2]. Group 2: Shared Values and Culture - UPM and Sappi share common values and similar corporate cultures, emphasizing quality, reliability, and sustainability, which are expected to contribute to the joint venture's success [3].