TikTok's new majority US-owned JV includes investors Oracle, Silver Lake, and Abu Dhabi's MGX, each holding 15%, and Dell Family Office; ByteDance retains 19.9%
Video app sets up American unit to handle data and algorithm security — TikTok has established a US data security unit …
Memo: the TikTok US deal is set to close on Jan. 22; terms include retraining the recommendation algorithm on US user data and Oracle overseeing data protection
Revamped ‘TikTok USA’ Expected Next Month Wesley Hilliard / AppleInsider : US investors to close deal on 50% ownership of TikTok January 22 Sports Business Journal : TikTok sale becomes official, with...
Internal memo: TikTok has signed a deal to sell its US unit; Oracle, Silver Lake, MGX will collectively own 45% of the US entity, and ByteDance will retain ~20%
TikTok has signed a deal to divest its U.S. entity to a joint venture controlled by American investors, per an internal memo seen by Axios.
Silver Lake, whose $24B deal to take Dell private in 2013 became its calling card, sees a similar setup in EA: a recognizable brand with predictable cash flows
Bloomberg :
A profile of Silver Lake co-CEO Egon Durban, who brokered EA's takeover with Jared Kushner, after the PE firm's high-stakes Endeavor, Altera, and TikTok deals
Dealmaker's $55bn takeover of Electronic Arts follows a spree of high-stakes transactions from TikTok to Endeavor
How Jared Kushner and Silver Lake co-CEO Egon Durban brokered the EA takeover using Kushner's deep Saudi Arabia ties; sources: Kushner's firm will own ~5% of EA
Trump's son-in-law used deep ties in Saudi Arabia to help pull off the largest buyout — Antoine Gara, James Fontanella-Khan …
EA agrees to be acquired by Saudi Arabia's PIF, Silver Lake, and Affinity for $210 per share, taking it private at a ~$55B valuation, set to close in Q1 FY 2027
Accelerates EA's Strategic Vision to Advance the Future of Entertainment — Stockholders to Receive $210 Per Share …
Sources: EA is in talks to go private in a deal valuing it at ~$50B; investors include Jared Kushner's PE firm and Saudi Arabia's PIF; EA closes up 14.87%
Investors including Silver Lake eyeing deal that would likely be the largest leveraged buyout ever
Sources: Oracle, Silver Lake, and Abu Dhabi's MGX will be the main TikTok USA investors, with a ~45% stake; ByteDance will own 19.9% and ByteDance investors 35%
We may never know if the administration-brokered TikTok sale complies with the law … New York Times : Trump Clears Way for American-Owned TikTok Valued at $14 Billion Financial Times : TikTok US to be...
Trump extends ByteDance's deadline to divest TikTok's US operations until December 16, the fourth such extension; a deal is expected to be finalized this week
nothing screams “protecting America” like Michelin-starred foreign spyware by proxy. Trump cheerfully extended ByteDance's deadline to December 16 so that Oracle, Silver Lake, [image] @americanfreedom...