TikTok says it plans to invest €1B to build a second data center in Finland as part of its €12B European data sovereignty initiative for the data of 200M+ users
Sources: the Trump administration is set to receive a ~$10B fee from investors in TikTok's US business for the government's role in brokering the TikTok US deal
Investors in social-media platform's U.S. business, including Oracle and Silver Lake, agreed to give the government several multibillion-dollar payments, sources say
Sources: the Trump administration is set to receive a ~$10B fee from investors in TikTok's US business for the government's role in brokering the TikTok US deal
Investors in social-media platform's U.S. business, including Oracle and Silver Lake, agreed to give the government several multibillion-dollar payments, sources say
Sources: ByteDance is working with Aolani Cloud to deploy ~500 Nvidia Blackwell systems in Malaysia, totaling ~36,000 B200 chips; the hardware could cost $2.5B+
TikTok parent, pushing global expansion, plans to tap Blackwell processors that are barred for export to China
Memo: TikTok CEO Shou Chew hailed the establishment of the TikTok USDS JV as “great news”, and said the app is used by 200M US users and 7.5M US businesses
- TikTok has finalized a deal to keep its business operating in the US. — The deal, a US joint venture …
Memo: TikTok CEO Shou Chew hailed the establishment of the TikTok USDS JV as “great news”, and said the app is used by 200M US users and 7.5M US businesses
- TikTok has finalized a deal to keep its business operating in the US. — The deal, a US joint venture …
Source: the TikTok US deal values it at just around $14B; TikTok's US entity makes roughly $14B annually in advertising revenues alone, per analyst estimates
Sara Fischer /Axios:
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 …
Sources: the US and China have approved the sale of TikTok's US business to a group of mostly US investors led by Oracle and Silverlake, set to close this week
The US and China have signed off on a deal to sell TikTok's US business to a consortium of mostly US investors led by Oracle and Silverlake …
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.