Group 1 - The U.S. and China have approved a deal for TikTok's U.S. business to be sold to a consortium led by Oracle Corp. and Silverlake, resolving a long-standing dispute over national security concerns [1] - The agreement allows ByteDance to retain just under 20% ownership of the U.S. business, while Oracle, Silverlake, and MGX will each hold 15% stakes [2] - The deal is expected to close this week, meeting a deadline set by the Trump administration for ByteDance to divest its U.S. operations [4] Group 2 - The valuation of TikTok's U.S. unit is estimated at approximately $14 billion, although the final sale price has not been disclosed [5] - Negotiations regarding TikTok's algorithm, a key issue in the U.S.-China discussions, remain unclear [5]

Core Viewpoint - TikTok will continue its operations in the U.S. through a new joint venture called TikTok USDS Joint Venture LLC, which is majority-owned by American investors to address national security concerns [1][3]. Group 1: Joint Venture Structure - The joint venture includes three managing investors: Silver Lake, Oracle, and MGX, each holding 15% of the venture [2]. - ByteDance, the former owner based in China, retains a 19.9% stake in the joint venture, while the remaining shares are held by a consortium of other investors [2]. Group 2: Compliance and Security Measures - TikTok USDS Joint Venture is established to comply with national security requirements and includes measures for data privacy, cybersecurity, content moderation, and third-party certifications [3]. - The U.S. entities of TikTok will manage global product interoperability, eCommerce, advertising, and marketing to ensure a consistent experience for U.S. users and businesses [4]. Group 3: Political Context - Former President Trump announced the deal's completion, emphasizing its significance for American ownership and national security [4]. - A law signed by President Biden in April 2024 mandated ByteDance to divest its stake within 12 months to avoid a potential ban on TikTok [4]. - Trump indicated plans to extend the deadline for the divestment and protect companies that assist in keeping TikTok operational [5].

Tik Tok says it has now officially formed a joint venture to keep the app operating in the US. Our Ununice Yun joins us now from Beijing with more. The day has finally come.Ununice, >> that's right, Carl. It's been several years. Tik Tok and its Chinese parent, Bite Dance, say that this US entity is in line with President Trump's executive order back in September.So, this entity is majority Americanowned. It has three managing investors. that includes Oracle, Silverlake, and Abu Dami's um MGX.Each has a 15% ...

Core Viewpoint - TikTok has established a majority American-owned joint venture to address national security concerns and comply with U.S. law, ensuring its continued operation in the U.S. market [1][2]. Group 1: Joint Venture Formation - ByteDance has finalized an agreement to create TikTok USDS Joint Venture LLC, which will manage U.S. user data, the app, and its recommendation algorithm [2][4]. - The joint venture will be owned 80.1% by American and global investors, while ByteDance retains a 19.9% minority stake [4]. Group 2: Compliance and Security Measures - U.S. user data and the recommendation algorithm will be stored in Oracle's U.S.-based cloud, with enhanced privacy and cybersecurity measures implemented [4]. - The algorithm will be retrained and tested using only U.S. user data to further ensure compliance with U.S. regulations [5]. Group 3: Historical Context and Political Reactions - The deal follows years of scrutiny beginning in 2020, when former President Trump sought to ban TikTok due to national security risks associated with its Chinese ownership [3]. - Trump expressed support for the agreement, highlighting its significance for American investors and thanking Chinese President Xi Jinping for approving the deal [6].

Core Viewpoint - The U.S. and China have reached an agreement on a TikTok U.S. spin-off deal, allowing the app to continue operating in the U.S. while addressing concerns regarding its Chinese parent company, ByteDance [1] Group 1: Joint Venture Structure - The new TikTok U.S. joint venture will be led by a mostly American investor group, including Oracle and Silver Lake, as announced by TikTok CEO Shou Chew [2] - ByteDance will retain a nearly 20% stake in the new U.S. entity, while Oracle, Silver Lake, and MGX will each hold 15% stakes [4] Group 2: Regulatory Concerns - The new entity aims to alleviate U.S. lawmakers' concerns about the Chinese government's potential influence over ByteDance, particularly regarding data access for the platform's 170 million American users [3] - The governance of the new entity will include a board with a majority of directors from the U.S., ensuring American control over operations [4] Group 3: Legislative Context - The deal's closing date is set for January 22, following an executive order signed by President Donald Trump that delayed the enforcement of a law requiring ByteDance to divest TikTok's U.S. business [7] - The bipartisan Protecting Americans from Foreign Adversary Controlled Applications Act bans social media apps linked to adversarial foreign governments from U.S. app stores, with the law taking effect in January 2025 [8] Group 4: Valuation and Security - The U.S. business of TikTok is valued at approximately $14 billion in the deal, with a focus on protecting American data security and ensuring continued access to the app [10] - Control over the algorithm by the American entity is emphasized as crucial for meeting national security requirements under the law [12]

Group 1 - The U.S. and China have approved a deal for TikTok's U.S. business to be sold to a consortium led by Oracle Corp. and Silverlake, resolving a long-standing dispute over national security concerns [1] - The agreement allows ByteDance to retain just under 20% ownership of the U.S. business, while Oracle, Silverlake, and MGX will each hold 15% stakes [2] - Additional investors in the deal include Susquehanna, Dragoneer, and DFO, which is associated with Michael Dell's family office [2] Group 2 - The transaction is aimed at meeting a January 22 deadline set by the Trump administration, which required ByteDance to divest its U.S. business or face a ban due to national security issues [4] - The deal is estimated to value TikTok's U.S. unit at approximately $14 billion, although the final sale price has not been disclosed [5] - Negotiations regarding TikTok's algorithm, a key point of contention between the U.S. and China, remain unclear [5] Group 3 - Oracle shares experienced a 3.09% increase, trading at $179.25 at the time of publication [6]

>> "BLOOMBERG TECH," LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH." COMING UP, TRUMP SEEKS IMMEDIATE NEGOTIATIONS ON ACQUIRING GREENLAND FOR NATIONAL SECURITY REASONS. WE RECAP HIS SPEECH IN DAVOS.CAROLINE: NETFLIX SHARES DROPPED ON SPENDING TO PURCHASE WARNER BROS. DISCOVERY. ED: AND WE DISCUSS A NEW ROBOTICS STARTUP VALUATION AND EXPANSION.CAROLINE: FIRST, RETURNING TO THE PUBLIC MARKETS, THAT HAVE NATURALLY BOUNCED BACK SOME UP, WALKI ...

President Trump just wrapped up an hourong, very blistering speech to a packed audience here in which he reasserted his intentions of taking Greenland, the Arctic territory. He says, is vital to US national security purposes. That's probably the biggest statement I made because people thought I would use force.I don't have to use force. I don't want to use force. I won't use force.And all we're asking for is to get Greenland including right title and ownership because you need the ownership to defend it. >> ...

President Trump says he won't use force to acquire Greenland, but reiterates he wants the US to take over the Arctic island for national security. Follow live updates. https://t.co/gTyya724rk https://t.co/bHNkl2ebR3 ...

President Trump says he won't use force to acquire Greenland, but reiterates he wants the US to take over the Arctic island for national security. Follow live updates. https://t.co/zPaYSXr7up https://t.co/prPJJFasqh ...