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TikTok agrees to sell U.S. operations to American investors to address security concerns and avoid a ban.
TikTok has agreed to sell its U.S. operations to a consortium of American investors, including Oracle and Silver Lake, to address national security concerns.
The deal, pending CFIUS and other regulatory approvals, would transfer control of TikTok’s U.S. business to a new entity overseen by American investors, with Oracle managing user data and cloud infrastructure.
The move aims to ensure data security and compliance with U.S. laws, reducing ties to parent company ByteDance and helping avoid a potential ban.
Final terms and timing remain subject to regulatory review.
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TikTok acepta vender las operaciones estadounidenses a inversores estadounidenses para abordar las preocupaciones de seguridad y evitar una prohibición.