News on Medial

Existing ByteDance investors emerge as front-runners in TikTok deal talks

Economic Times · 14d

White House-led discussions on TikTok's future focus on a potential plan for ByteDance's major non-Chinese investors to increase stakes and acquire its U.S. operations, aiming to comply with U.S. law by reducing Chinese ownership below 20%. Investors like Susquehanna, General Atlantic, and KKR are leading talks, while Oracle would maintain U.S. data storage. President Trump extended a deadline for a deal to help avoid national security concerns and save TikTok from a U.S. ban.