Sep. 28 at 7:22 PM
TikTok “deal”: New structure ensures majority US control (80.1% non-ByteDance) - new owners largely chosen by Trump Admin w/ the board predominantly US citizens & 1 govt appointee. Valued at
$14B
New entity will handle US user data, the algorithm & operations.
Bytedance must reduce its control to comply, but it retains a minority stake & profit-sharing rights (including a ~20% licensing fee on revs from the algorithm, leading to ~50% of overall US profits despite lower ownership).
Ownership:
- ByteDance Ltd.: 19.9% (current 100%)
- US-led investor consortium (Oracle, Silver Lake Mgmt, & MGX—Abu Dhabi invest firm): 45% collectively (individual splits not publicly disclosed; Oracle is rumored to hold ~15%; Dell, Murdoch, & Ellison may have received personal stakes)
- Group of existing ByteDance shareholders rolling over stakes: 35.1% collectively (includes KKR, Sequoia, Susquehanna & General Atlantic; exact individual allocations not disclosed)
$KWEB $ORCL $KKR $DELL $FOXA