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Oracle-Led Consortium to Acquire 45% Stake in TikTok’s U.S. Operations
Oracle-Led Consortium to Acquire 45% Stake in TikTok’s U.S. Operations
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BTCCSquare news:
Oracle, Silver Lake, and Abu Dhabi's MGX will collectively control 45% of TikTok's U.S. business under a deal structured to address national security concerns. ByteDance retains a 19.9% stake, with remaining shares distributed among existing investors and new U.S. backers.
The arrangement avoids direct government ownership, instead appointing Oracle as TikTok's security custodian and mandating a predominantly American board. President Trump's impending executive order follows congressional pressure to divest TikTok's U.S. operations by December 16.
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