9/20 Reuters: Trump gives blessing to deal to allow TikTok to continue to operate in U.S.
U.S. President Donald Trump said he supports a deal that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August.
The U.S. Treasury said in a statement “Oracle will be responsible for key technology and security responsibilities to protect all U.S. user data. Approval of the transaction is subject to a closing with Oracle and Walmart and necessary documentation and conditions to be approved by” the Committee on Foreign Investment in the United States.
The Commerce Department said on Saturday it will delay by one week an order that had been set to take effect late Sunday that would stop Alphabet Inc's Google GOOGL.O and Apple Inc AAPL.O from offering TikTok in their U.S. app stores. A person briefed on the matter said the administration had given the parties a week to close the deal.
- 新設立公司叫TikTok Global，美方持股53%，中方持股36%；Oracle占12.5%，同Walmart加埋最多到20%；其他80%暫時由ByteDance持有，其中美方投資人持有40%
U.S. shareholders are expected to control 53% of TikTok Global, a person briefed on the matter said, while Chinese investors will hold 36%.
Trump said the new company will be “totally controlled by Oracle and Walmart ... All of the control is Oracle and Walmart.”
Oracle said it will take a 12.5% stake in TikTok Global.
TikTok said under the deal, Oracle and Walmart will take part in a TikTok Global pre-IPO financing round in which they can take up to a 20% cumulative stake in the company.
The remaining 80% will be held by ByteDance but is not clear if the ByteDance shares in TikTok Global will be distributed to ByteDance’s investors when TikTok Global is incorporated, according to the source.
U.S. investors currently own about 40% of ByteDance.
- 董事會將由大多數美國董事組成，並聘請一名美國首席執行官與一名安全專家作營運管理。消息還稱，沃爾瑪現任首席執行官麥克米倫（Doug McMillon）也將在TikTok Global董事會獲得席位。