Sources: ByteDance plans US IPO for new global TikTok business if Trump approves deal including Walmart and Oracle, which will take less than a 20% global stake
if Trump approves. No more carved out U.S. co. https://www.cnbc.com/... @cnbcnow : UPDATE: Treasury Dept. sent major term sheet revisions to Oracle & TikTok last night to specifically address security concerns, sources tell @SaraEisen. The two companies agreed to Treasury's revisions in full, sources also said. https://www.cnbc.com/... @acquiredfm : “Reason for taking the job, sir?” ⏹ It advances my career ⏹ It pays well ⏹ I've always wanted to manage a multinational geopolitical circus ✅ Pure spite https://twitter.com/... Shelly Banjo / @sbanjo : He was also one of the Facebook execs at Facebook that flew to shanghai for failed deal talks with Musically, which Bytedance ended up buying and turning into tiktok. https://twitter.com/... @johnlukesam1 : Why is Trump interfering in the free market and holding up this Oracle/TikToc deal? Why do we have to wait for King Trump to rule? Maybe he's quid-pro-quo-ing again—I'll approve the deal if you give me or my campaign tens of millions in cash. https://www.cnbc.com/... Jason Del Rey / @delrey : If Walmart ends up owning a stake of TikTok, it's worth noting that Systrom, the former Instagram CEO, once was on Walmart's board of directors https://twitter.com/...
With Trump's decision window closing after reports he would act within 24–36 hours, approval would leave Oracle and Walmart with under a 20% global stake while ByteDance keeps control of TikTok's operations — a forced divestiture converted into a minority-investment plus IPO structure.
A US IPO for the new global business would hand American public-market investors their first direct route into TikTok, instead of the fully carved-out US company the administration initially demanded.
Second-order effects
Facebook and Instagram would face a TikTok competitor armed with an IPO war chest and US shareholders whose presence functions as political cover against future ban pressure.
Walmart gains an embedded distribution and advertising channel inside one of the largest short-video apps, pricing its small stake as media-and-commerce access rather than passive equity.
Third-order effects
The same cast reappears five years later — Oracle as leading contender to run TikTok US per ByteDance's own preference, then [[a:881751|talks for Oracle and US investors to take over global operations with ByteDance retaining a minority]], then a joint venture with ByteDance under 20% — suggesting the 2020 structure became the standing template: national-security disputes over Chinese-owned consumer apps resolved through ownership caps plus trusted US operational partners rather than outright sales.
The trend: US national-security pressure is converting Chinese-owned consumer platforms into US-listed, partner-stabilized structures — with Oracle recurring as the designated security guarantor across both administrations.
So this entire deal has changed from what was nearly accepted a few weeks ago. ByteDance is now set to IPO global TikTok, Oracle will own less than 20%, WMT will get stake — if Trump approves. No more carved out U.S. co. https://www.cnbc.com/...
UPDATE: Treasury Dept. sent major term sheet revisions to Oracle & TikTok last night to specifically address security concerns, sources tell @SaraEisen. The two companies agreed to Treasury's revisions in full, sources also said. https://www.cnbc.com/...
BREAKING: Pres. Trump says he's getting briefed on TikTok deal tomorrow morning — but that, to his dismay, there won't be a payment to US Treasury. “Amazingly, I find that we're not allowed to do that.”
Trump administration officials are looking to give American investors a majority share of the company that will take over the Chinese-owned video sharing app TikTok https://www.wsj.com/... a través de @WSJ
“Reason for taking the job, sir?” ⏹ It advances my career ⏹ It pays well ⏹ I've always wanted to manage a multinational geopolitical circus ✅ Pure spite https://twitter.com/...
If Walmart ends up owning a stake of TikTok, it's worth noting that Systrom, the former Instagram CEO, once was on Walmart's board of directors https://twitter.com/...
He was also one of the Facebook execs at Facebook that flew to shanghai for failed deal talks with Musically, which Bytedance ended up buying and turning into tiktok. https://twitter.com/...
Why is Trump interfering in the free market and holding up this Oracle/TikToc deal? Why do we have to wait for King Trump to rule? Maybe he's quid-pro-quo-ing again—I'll approve the deal if you give me or my campaign tens of millions in cash. https://www.cnbc.com/...
Among those whom TikTok has talked to about being the new CEO of the app is Kevin Systrom, a founder and former chief executive of Instagram And all the latest via @dmccabe @eringriffith @AnaSwanson @MikeIsaac https://www.nytimes.com/...
Latest on TikTok *Oracle to own a 20% stake *WMT CEO Doug McMillon would sit on new board *While Trump said he didn't like the concept of ByteDance retaining majority stake, ownership stakes haven't been a recent issue of negotiation *Decision in 24-36 hrs https://www.cnbc.com/..…
NEWS: Tiktok deal inching forward. Bytedance accepted admin's counter offer without requesting any revisions. Oracle's making a bid for Chinese-owned social media app. Bytedance trying to win Trump approval for transaction. Story by me and @SalehaMohsin https://www.bloomberg.com/…