As part of the deal, Oracle, Silver Lake and MGX will be managing investors with 15% stakes each. ByteDance, TikTok’s ...

The structure aligns with an earlier agreement outlined by TikTok CEO Shou Chew, who had said in December that while a ...

TikTok released some information about the deal Thursday night, but it remains unclear if it complies with a 2024 law.

TikTok's US spinoff to Oracle, Silver Lake, and MGX has closed after a White House official said the US and China finalized ...

With the new deal, US user data will be stored locally in a system run by Oracle, a move aimed at addressing long-standing fears related to TikTok.

TikToks Chinese parent company, ByteDance, has finalized a landmark agreement to establish a majority American-owned joint venture aimed at safeguarding U.S. user data and avoiding a nationwide ban on ...

The short-video platform confirmed on Thursday that the agreement will allow the app to continue operating for its more than ...

TikTok announced Thursday it has established a majority American-owned joint venture to operate its US business, allowing the company to avoid a ban over its Chinese ownership.

TikTok announced yesterday it has established a majority American-owned joint venture to operate its US business, allowing ...

Concerns and challenges raised in the past few years by lawmakers, enforcers, and private plaintiffs about algorithmic ...

The popular short form video app has a new corporate structure in the United States, which could result in some changes for the 200 million Americans who use TikTok.

The joint venture acquiring TikTok’s US assets has been formally established and has announced its leadership team, according ...