The TikTok U.S. Deal has been officially finalized, with ByteDance retaining a 19.9% stake in the joint venture company.
BlockBeats News, January 23: TikTok announced the establishment of TikTok US Data Security Joint Venture LLC on January 23. This joint venture will be responsible for data protection, algorithm security, content moderation, and software security for TikTok in the United States.
The TikTok USDS joint venture is composed of three managing investment partners: Silver Lake, Oracle, and MGX, each holding a 15% stake. Other investment partners include the Dell Family Office; Vastmere Strategic Investments, LLC; Alpha Wave Partners; Revolution, among others. ByteDance retains a 19.9% stake in the joint venture.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia announces an additional $150 billions stock buyback plan, pre-market stock price rises and turns positive
Nvidia's board has approved an additional $150 billion in stock repurchase authorization, marking the largest single increase in history, bringing the remaining buyback allowance to $235 billion, with plans to complete it by fiscal year 2028. CEO Jensen Huang stated that the transformation driven by AI and accelerated computing platforms is fueling the company’s growth, and strong profits and cash flow are supporting this large-scale buyback. Following the announcement, Nvidia’s pre-market stock price rose by as much as 1.7%, outperforming the declining futures market.
Qfin director Yan Andrew Y Yan disposes of QFIN common shares worth US$4,879,108.22
Crypto prices
More
