Summary: TikTok’s US operations are set to be acquired by a consortium including Oracle, Andreessen Horowitz, and Silver Lake, reducing ByteDance’s stake to below 20% to comply with US national security law. The deal, pending approval from Presidents Trump and Xi, would allow TikTok to continue operating in the US and involves Oracle providing cloud services. The fate of TikTok’s recommendation software remains unclear, with licensing to the US operation being a point of contention.

Link: https://www.theedgesingapore.com/news/us-politics/tiktok-buyers-include-oracle-silver-lake-and-andreessen