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Blood and Oxygen of Zoomers and Alphas, TikTok Finally Passed Under Control of American Investors

The Chinese company ByteDance has completed the deal to transfer control over TikTok in the USA to a new joint venture. The Chinese company will retain only 19.9% of the shares, while the controlling stake will go to American investors, including Oracle, Silver Lake, and MGX from Abu Dhabi.

The agreement marked the culmination of a long confrontation. Although Donald Trump previously sought to ban TikTok, his stance changed after the 2024 election campaign, which demonstrated the platform's value to the youth audience. In his second term, he postponed the ban, allowing the parties to reach an agreement.

The technical infrastructure and data security of American users will now be provided by Oracle. The new JV will be managed by Adam Presser, and the board of directors, where the majority will be US citizens, will include TikTok founder Shou Zi Chew.