Factbox-Groups that have bid for TikTok or expressed interest
(Reuters) -President Donald Trump on Tuesday announced an agreement between the U.S. and China to keep TikTok operating in the United States, a breakthrough in months-long talks between the two biggest economies as they seek to defuse a wide-ranging trade war that has unnerved global markets.
The deal was similar to one discussed earlier this year, Reuters reported, and requires TikTok’s American assets to be transferred to U.S. owners from China’s ByteDance, potentially resolving a saga that has lingered for nearly a year.
“We have a group of very big companies that want to buy it,” Trump has said, ahead of an extended December 16 deadline to sell or shut down the short video app in the U.S.
TikTok, which is used by about 170 million Americans, has attracted several suitors. Here is a list of potential buyers as well as parties that had expressed interest in TikTok:
EXISTING SHAREHOLDERS
The basics of the new deal, also similar to one discussed in April, include that ByteDance will keep the single largest ownership stake at 19.9%, just under a 20% threshold, Reuters has reported.
The consortium that would hold 80% includes ByteDance’s current shareholders Susquehanna International Group (SIG), General Atlantic, and KKR.
ORACLE, ANDREESSEN HOROWITZ AND SILVER LAKE
New investor Andreessen Horowitz and Oracle are also likely to take a stake, Reuters reported.
Cloud computing company Oracle, which has a market value of over $871 billion, provides the main cloud computing services for running TikTok’s U.S. operations, and controls servers that host American users’ data, making it a key figure in managing the company’s daily operations.
Investment firm Silver Lake would invest as well under the new deal, the Wall Street Journal reported.
AMAZON.COM
Tech giant Amazon, which has a market valuation of over $2.5 trillion, had made a last-minute offer to buy TikTok’s assets outside of China.
A U.S. administration official confirmed Amazon had sent a letter to Vice President JD Vance and Department of Commerce Secretary Howard Lutnick.
ONLYFANS FOUNDER IN PARTNERSHIP WITH A CRYPTOCURRENCY FOUNDATION
A startup run by Tim Stokely, founder of adult content social media site OnlyFans, had partnered with a cryptocurrency foundation to submit a late-stage plan to acquire short video app TikTok from Chinese owner ByteDance, the two said.
The intent to bid was sent this week to the White House by Zoop, billionaire Stokely’s new company, and the Hbar Foundation, which manages the Hedera cryptocurrency network’s treasury.
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