JD Vance Confirms TikTok’s Separation from ByteDance to Safeguard U.S. Data
JD Vance announced on Fox News Sunday that TikTok has been structurally separated from ByteDance to address national security concerns. "We can ensure that the algorithm is not being used as a propaganda tool by a foreign government," Vance asserted, expressing confidence in the platform's U.S. future after prolonged legal battles. The MOVE follows President Trump's executive order approving a new joint-venture company to oversee TikTok's domestic operations, with ByteDance retaining a minority stake.
The deal values TikTok's U.S. business at $14 billion, with Oracle, Silver Lake, and Abu Dhabi's MGX among the key investors. Other ByteDance backers like General Atlantic and Sequoia are expected to participate in the new entity. The arrangement aims to place operational control firmly in the hands of American investors while maintaining limited Chinese ownership.