According to Bloomberg, among the new investors, such as Oracle, Silver Lake, and MGX, 50% of the shares of American TikTok will be distributed. At the same time, ByteDance will retain 19.9% of the shares, while the remaining 30.1% will be controlled by the current investors of the company.
According to the report, the presence of American investors will enable more effective content moderation on TikTok and ensure the protection of user data from the U.S. The new board of directors will consist of seven members, the majority of whom are U.S. citizens. ByteDance, however, will continue to control TikTok's advertising division and TikTok Shop in America.
On his page on the social network Truth Social, Donald Trump noted that TikTok will now be under the control of "a group of great American patriots and investors." He expressed gratitude to Chinese President Xi Jinping for supporting the deal, pointing out that he could have acted differently but chose this path, which deserves recognition.
To date, TikTok has about 200 million users in the U.S. In 2024, the U.S. Congress passed a law that could lead to the platform being blocked if ByteDance does not sell TikTok. This decision was prompted by concerns about the potential for the Chinese government to misuse access to data or use the platform to promote its narratives. Initially, the deal was expected to be completed by January 2025; however, President Trump repeatedly extended the deadlines for its conclusion.
