The Chinese Bytedance will probably continue to receive about 50% of the profits deriving from the American operations of Tiktok, thanks to a license on the algorithm and to the shareholding: Bloomberg News reveals it, after the executive order with which Donald Trump ‘saved’ the American soil app.
The Tycoon signed an executive order last Thursday, declaring that its sales plan of the US operations of Tiktok to American and global investors will meet the national security requirements provided by the law of 2024. The plan is not yet defined and therefore Trump has postponed the application of the law until 20 January, while working to separate the US assets of Tiktok from the global platform, involve American and international investors and obtain the definitive approval of the Chinese government.
The Donald explained that the American activities of the platform will go to a new company that sees Oracle in the front row for safety (including the management of the algorithm) and includes among the Michael of the Erupert Murdoch investors, with which the president has a 10 billion cause against the Wall Street Journal. ‘Probably four more or five worldwide investors’ will be part of the agreement, he added. According to the US media, a group of three investors, including Oracle and the company of Private Equity Silver Lake, will acquire about the
45% -50% of Tiktok Us. According to CNBC, the third investor would be Mgx based in Abu Dhabi. Bytedance, among whose shareholders they appear Susquehanna International Group, General Atlantic and Kkr, deductive between 20% and 30%, depending on the sources. And he will have only one of the seven members of the joint venture board, with the Americans who will occupy the other six places.
The new company reported the vice -president JD Vance without providing the evaluation criteria, has a value of 14 billion dollars, a price well below some analysts’ estimates for the popular short video app.
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