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Oracle, Silver Lake consortium to control 80% stake in TikTok in US

21 points

by Mgtyalx

1 hour ago

| past

| 4 comments

| reuters.com

| HN

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elzbardico

47 minutes ago

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Oracle owning TikTok is one of the most unintentionally funny things to ever happen.

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SilverElfin

6 minutes ago

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What does this “stake” get America at all? Will they be able to change the algorithms or censorship or amplification on TikTok? The point of the ban was to avoid national security issues from having an adversarial state (China) controlling speech in America. Banning it entirely is the best way to avoid these problems.

As a reminder, TikTok forces staff to sign pledges to support China’s political system in order to work there and get stock awards:

https://dailycaller.com/2025/01/14/tiktok-forced-staff-oaths...

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drewbitt

45 minutes ago

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Reminds me of Yahoo buying Tumblr. Mismatched. Their best bet is to change little to nothing, but not sure the administration will let them.

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hollerith

43 minutes ago

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>A new company will be created to operate TikTok, with U.S. investors holding a roughly 80% stake and Chinese shareholders owning the rest, the report said.

It would've been better for the mental health of our country if it had been banned (along with Instagram Reels and Youtube Shorts).

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acheron

34 minutes ago

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The good news is, I can’t see “being owned by Oracle” as anything other than a death sentence.

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SilverElfin

5 minutes ago

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I doubt it. Oracle has a booming datacenter and cloud business right now. Their role is to host the data in a US jurisdiction, which they can do. It won’t affect the success or failure of TikTok. And frankly it won’t give TikTok users privacy since the data can still be accessed by software written by Chinese employees.

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miohtama

8 minutes ago

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LawyerTok