Oracle, Silver Lake, and Andreessen Horowitz are part of a consortium that will control an 80% stake in TikTok. This development marks a significant shift in the ownership structure of the popular social media platform.
The consortium"s acquisition is expected to influence TikTok"s operations and strategic direction moving forward. Details regarding the financial terms of the deal have not been disclosed.
This announcement comes amid ongoing discussions about TikTok"s regulatory challenges and its future in the U.S. market. As previously reported, the Trump administration had extended the TikTok divestment deadline to December 16, 2025, which may have implications for this new ownership arrangement.
Further updates on this situation are anticipated as the consortium moves forward with the acquisition process.
Image for Oracle, Silver Lake, and Andreessen Horowitz to control 80% stake in TikTok
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