this post was submitted on 17 Sep 2025
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An investor group headlined by Larry Ellison’s Oracle, the private equity Silver Lake and Marc Andreessen's venture capital firm will hold a controlling stake in TikTok’s new U.S. business (imageio.forbes.com)
submitted 9 hours ago* (last edited 9 hours ago) by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
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[–] EmDash@lemmygrad.ml 3 points 4 hours ago

So Larry Ellison will control TikTok and David Ellison controls Paramount (which owns CBS). William Randolph Hearst would have been impressed.

[–] ComradePupIvy@lemmygrad.ml 6 points 8 hours ago (1 children)

Im genuinely shocked TikTok sold, I am also deeply disapointed that bytedance caved.

Also how did this get approved by the PRC, dont they have a law aganst exporting the algorithm?

[–] yogthos@lemmygrad.ml 9 points 8 hours ago* (last edited 8 hours ago)

My understanding is that this is just the operation in US, not TikTok globally.