ByteDance Sells TikTok Stake, US Operations Secure
Update: 2025-12-19
Description
TikToks Chinese parent company, ByteDance, has finalized a deal to sell a majority stake in its US operations to a consortium of investors, including Oracle, Silver Lake, and MGX. This move aims to address national security concerns raised by Washington and allows TikTok to continue operating in the US. The deal is set to close on January 22nd, ensuring TikToks presence for its vast American user base.
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