TikTok’s Proposed Deal Seeks to Mollify U.S. and China
The Chinese-owned app designed a compromise to satisfy U.S. security concerns. The terms are now under review by the Trump administration.
erin griffith
168d ago
No algorithm
-No outright sale
-Investor equity in ByteDance will get rolled into the new entity
-Oracle likely gets a small stake
-TikTok HQ moves to US
-US investors get voting control (not necessarily majority ownership)
5
What we know about the Oracle-TikTok deal:
😬😬😬 The details are still being worked out and changing! But we know it was designed to mitigate. Some other tidbits from today's story w @dmccabe and @anaswanson
When governments in two countries intervened and also accuse one another of intervening unfairly...
I don't know, this is all rather pointless. This twisted compromise could have been the outcome for TikTok months ago, before all the drama.