Headline: JD Vance ‘confident’ the U.S. has ‘successfully separated’ TikTok from China parent company ByteDance
Vice President JD Vance’s Statement:
On Fox News Sunday, Vance declared that the U.S. has “successfully separated” TikTok’s American operations from ByteDance, saying the platform is now under U.S. control with safeguards against foreign influence.
President Trump signed an executive order approving a new joint-venture model. ByteDance retains less than 20%, while Oracle, Silver Lake, and MGX (Abu Dhabi) lead the investor group. U.S. investors will hold over 80% of the new entity.
Oracle will manage TikTok’s cloud infrastructure and security protocols. Vance emphasized that the algorithm will no longer be vulnerable to manipulation by foreign governments.
China’s Reaction:
While President Xi reportedly gave the deal a nod, Vance acknowledged resistance from Beijing. ByteDance has not publicly confirmed the transaction.
Valuation:
The deal pegs TikTok’s U.S. business at $14 billion, with no federal equity stake or “golden share” involved.
(Source CNBC)
—Agencies
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