TikTok America Would Be Roughly 50% Owned By New US Investors And Would License Algorithm From Bytedance- THE INFORMATION
ReutersApr 2, 2025 7:43 PM
April 2 (Reuters) -
TRUMP TO OUTLINE TIKTOK DEAL PROPOSAL, WITH BYTEDANCE RETAINING STAKE - THE INFORMATION
UNDER TRUMP’S PROPOSAL, TIKTOK AMERICA WOULD BE ROUGHLY 50% OWNED BY NEW U.S. INVESTORS AND LICENSE TIKTOK’S ALGORITHM FROM BYTEDANCE- THE INFORMATION
EXISTING INVESTORS IN BYTEDANCE WOULD HAVE A ROUGHLY ONE-THIRD STAKE IN THE NEW COMPANY, WHILE BYTEDANCE WOULD RETAIN A 19.9% STAKE - THE INFORMATION
Source text: [https://bit.ly/43BtWKo]
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