TikTok spin‑off deal: ownership split, Oracle to host US data and January close
TikTok to spin off U.S. business — ownership split, Oracle to host US data, deal expected Jan 22 TikTok has signed agreements to spin off its U.S. business into a new entity with a split ownership structure intended to address long‑running national‑security and regulatory concerns. Under the reported deal, Oracle, Silver Lake and Abu Dhabi’s state investment firm MGX would each control roughly 15% of the new company, while ByteDance — TikTok’s China‑based parent — would retain about a 20% stake. The arrangement reportedly places U.S. user data under an Oracle‑operated system and establishes a seven‑member board to manage U.S. platform operations, with a U.S. majority on that board. TikTok’s internal memo set a target closing date of January 22. Key facts Ownership: Oracle, Silver Lake and MGX each ~15%;…
