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Sources: ByteDance plans to place TikTok's global business in a standalone US-based company, likely with Oracle, Walmart, and others as minority shareholders

so what's the point? PYMNTS.com : Decision Expected Soon On TikTok-Oracle Deal Daily Mail : Microsoft may have unintentionally sabotaged its TikTok deal by upsetting Chinese owner when it called the app ‘a security risk it could fix’ Jane Li / Quartz : Beijing is publicizing its philosophy of how tech firms like TikTok must aid China's rise Bogdan Popa / Softpedia News : Microsoft Lost the TikTok Battle Because It Called the Service a Security Threat Martin Baccardax / TheStreet : Oracle Shares Hit Record High as Trump Nears TikTok Sale Decision South China Morning Post : TikTok's Oracle deal likely to be a ‘close call’ ahead of Trump deadline Sumit Adhikari / Android Headlines : TikTok Could Move Its Global Headquarters To The US Aron Chen / PingWest : Trump Says Oracle Close to TikTok Deal Miguel Cordon / Tech in Asia : TikTok to set up global headquarters in the US Rich Ord / IT Management : TikTok Oracle Deal Approval Imminent Aaron Tilley / Wall Street Journal : Microsoft's Failure to Land TikTok Raises Questions Over What's Next for CEO Nadella Karissa Bell / Engadget : TikTok's woes helped Triller become one of its biggest competitors Mehreen Kasana / Input : TikTok lets Oracle take the reins to appease Donald Trump Tweets: Alex Kantrowitz / @kantrowitz : “ByteDance, the Chinese group that owns the app used by millions of teenagers, will be the majority shareholder of the new entity.” https://www.ft.com/... Graham Webster / @gwbstr : FT reports TikTok global would become a US company, majority owned by ByteDance with Oracle taking a big stake. https://www.ft.com/... The similarities and differences in how Uber China got bought out by DiDi in exchange for a valuable stake seem worth proving. 2/ Liberty / @libertyrpf : So basically, it wasn't a sale, WH caved on what it had demanded “for national security reasons”, and gave fundraising buddy Ellison a bunch of free money. This is normal. https://www.ft.com/... https://twitter.com/... Karl Bode / @karlbode : “Oracle will also ensure that data from American users is stored and processed in the United States.” oh good, phew, the United States, where consumer data privacy and security is so highly respected by government and industry https://www.theverge.com/... Alex Kantrowitz / @kantrowitz : Here's the biggest part of the TikTok deal: Oracle processes data across the globe. US users' data managed in the US. Good for national security. Though somewhat concerning from a domestic surveillance standpoint given Oracle's stance. https://ft.com/... https://twitter.com/... James Fontanella-Khan / @jfk_america : NEW: ByteDance will place TikTok's global business in a new company headquartered in the US. Oracle will have a stake in the whole of TikTok and not just the US operations. A few more details on deal structure presented to Trump (with @MilesKruppa ) https://www.ft.com/... Shannon Bond / @shannonpareil : “The current plan is in line with the recommendations made by the Committee on Foreign Investment ... before US president Donald Trump threatened to ban TikTok in August.” So...what has been the point of all of this White House drama? https://www.ft.com/...

Financial Times

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Discussion

  • @kantrowitz Alex Kantrowitz on x
    “ByteDance, the Chinese group that owns the app used by millions of teenagers, will be the majority shareholder of the new entity.” https://www.ft.com/...
  • @karlbode Karl Bode on x
    “Oracle will also ensure that data from American users is stored and processed in the United States.” oh good, phew, the United States, where consumer data privacy and security is so highly respected by government and industry https://www.theverge.com/...
  • @libertyrpf Liberty on x
    So basically, it wasn't a sale, WH caved on what it had demanded “for national security reasons”, and gave fundraising buddy Ellison a bunch of free money. This is normal. https://www.ft.com/... https://twitter.com/...
  • @gwbstr Graham Webster on x
    FT reports TikTok global would become a US company, majority owned by ByteDance with Oracle taking a big stake. https://www.ft.com/... The similarities and differences in how Uber China got bought out by DiDi in exchange for a valuable stake seem worth proving. 2/
  • @kantrowitz Alex Kantrowitz on x
    Here's the biggest part of the TikTok deal: Oracle processes data across the globe. US users' data managed in the US. Good for national security. Though somewhat concerning from a domestic surveillance standpoint given Oracle's stance. https://ft.com/... https://twitter.com/...
  • @jfk_america James Fontanella-Khan on x
    NEW: ByteDance will place TikTok's global business in a new company headquartered in the US. Oracle will have a stake in the whole of TikTok and not just the US operations. A few more details on deal structure presented to Trump (with @MilesKruppa ) https://www.ft.com/...
  • @shannonpareil Shannon Bond on x
    “The current plan is in line with the recommendations made by the Committee on Foreign Investment ... before US president Donald Trump threatened to ban TikTok in August.” So...what has been the point of all of this White House drama? https://www.ft.com/...