“Save” Tiktok’s plan starts to focus. Tuesday Wall Street Journal Reported more Details about the deal between the U.S. parties are clearly being “finalized” in the details of the arrangement.
According to the report, Tiktok’s U.S. business will be primarily owned by a group of U.S. investors who will own 80% of the shares in the entity. The group includes longtime Tiktok partner Oracle, as well as Silicon Valley VC company Andreesen Horowitz and private equity firm Silver Lake. Chinese shareholders will own a minority stake, which continues its ownership to the 20% threshold required by law. The U.S. government will also report that it will also select a board member for the “U.S.-led” agency.
President Donald Trump said reports about the arrangement have been spinning for months. The deal could be “about two weeks”. It seems Chinese officials have finally signed new arrangements, with Chinese regulators saying earlier this week that a new American version of Tiktok Use Chinese algorithms.
Now, Wall Street Journal The report said that “Tiktok engineers will recreate” the app’s algorithm for the new Tiktok application using technology licensed bytedance. The company is reportedly testing new applications. Oracle will oversee our user data for operations; Tiktok and Oracle have worked with data security After previous negotiations between the company and the U.S. government.
Even if the final deal is obviously close, it may still take some time to finalize it. Meanwhile, Trump extends the deadline for the current version of the app that will be banned in the United States . His White House reporter told reporters Tuesday that he plans to talk to Chinese President Xi Jinping on Friday “to confirm everything.”
