Friday, September 26, 2025

Trump's TikTok deal: Oracle and Silver Lake to lead US takeover of TikTok; all you need to know

In September 2025, President Trump approved a deal allowing TikTok to operate in the US under American management, satisfying a 2024 national security law. Oracle, Silver Lake, and MGX will hold 45% ownership, with ByteDance retaining a minority stake. This move addresses data privacy concerns while keeping the popular app accessible, balancing security, economic interests, and diplomacy.

from US News Headlines, Latest USA News, US news live on Times of India https://ift.tt/51EgzAC
via IFTTT
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Quote of the day by Barack Obama: "You can’t let your failures define you – you have to let them teach you. You have to let them show you what to do differently next time."

from US News Headlines, Latest USA News, US news live on Times of India https://ift.tt/i3wsC2t via IFTTT