Executive Order Brings US TikTok $14B Deal One Step Closer to Finalizing
ID: 5ef0d2fa-e44e-53bb-a724-76c6e43ea41b
STIX ID: report--5ef0d2fa-e44e-53bb-a724-76c6e43ea41b
Feed Name: TechRepublic Security
The report describes President Donald Trump’s executive order facilitating a U.S.-led acquisition of TikTok to comply with the 2024 Protecting Americans from Foreign Adversary Controlled Applications Act, with a joint venture including Andreessen Horowitz, Oracle, and Silver Lake using a licensed, U.S.-retrained algorithm while Oracle hosts data and oversees security controls; ByteDance would hold under 20% with limited board influence, the deal is valued around $14B and awaits Chinese approval, TikTok outside the U.S. remains with ByteDance, and there’s a brief mention of an EU probe into SAP’s ERP practices.
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