1. US President Donald Trump has authorized the transfer of TikTok's US operations to a new joint venture, with majority control by American entities.
2. The decision reduces ByteDance and its affiliates' ownership stake in the app to less than 20%. TikTok's algorithms, code, and content moderation will be managed by this joint venture.
3. The deal values the new US company at approximately $14 billion. Oracle is reportedly playing a significant role in the agreement, which was allegedly approved by Chinese President Xi Jinping.
2. The decision reduces ByteDance and its affiliates' ownership stake in the app to less than 20%. TikTok's algorithms, code, and content moderation will be managed by this joint venture.
3. The deal values the new US company at approximately $14 billion. Oracle is reportedly playing a significant role in the agreement, which was allegedly approved by Chinese President Xi Jinping.
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Summary
US President Donald Trump has authorized a $14 billion transfer of TikTok's U.S. operations to a new joint venture, with American entities holding majority control. This reduces ByteDance and its affiliates' ownership stake in the app to under 20%. Oracle is reportedly involved, and the deal