TikTok US Deal

A group of three investors, including Oracle and private equity company Silver Lake, is involved in TikTok US, a source that is familiar with the deal.

Investment Details

A group of existing shareholders in TikTok’s Chinese parent, Bytedance, will hold a share of around 30%, said the source. Current investors from Bytedance include the Susquehanna International Group, General Atlantic and KKR. In view of the intensive investor interest on TikTok, the proportion of 50% can move further, the source said.

Response to Requests for Comments

Oracle and Silver Lake did not immediately respond to a request for comments.

US President Involvement

The US President is expected to sign a TikTok deal later, which would sell the US operations of the Bytedance app and ends the months of uncertainty about their future in the country.

Agreement on US Operations

The agreement on TikTok’s US operations includes Bytedance, one of seven board members appointed for the new company. Americans have held the other six seats, said a high-ranking officer of the White House. Bytedance would keep less than 20% in TikTok to meet the requirements that were determined in a law of 2024, which it had to close until January 2025 if the US assets were not sold by its Bytedance in China.

Main Investors

CNBC previously reported that MGX, Oracle and Silver Lake in Abu Dhabi will be the main investors in TikTok with a total possession of 45% citing sources. MGX did not immediately respond to a request for comments on the CNBC report. MGX is an investment company for artificial secret services and partner of Silver Lake and falls below the scope of Sheikh Tahnoon bin Zayed al Nahyan, the national security consultant of the United Arab Emirates and brother of President Mohamed Bin Zayed Al Nahyan.