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Trump and ByteDance tout TikTok deal approval, but no official details yet
The two countries have been working on a way to save TikTok's U.S. business, after the TikTok ban in January over national security concerns.
That ban was put on hold multiple times by the Trump administration amid a consumer and creator backlash against the app’s removal. A report from The Wall Street Journal confirmed that investors, including Oracle, Silver Lake, and Andreessen Horowitz, would hold an 80% in the U.S. TikTok entity, with the Chinese shareholders owning the rest. You can contact or verify outreach from Sarah by emailing sarahp@techcrunch.com or via encrypted message at sarahperez.01 on Signal.
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