Americans would dominate board of new TikTok US entity: W. House
Summary
The White House announced that a deal to sell TikTok's US operations will establish a board majority of Americans, including Oracle to lead data and privacy, amid national security concerns.
Key Points
- A deal is imminent to transfer TikTok's US operations from Chinese parent company ByteDance to a new entity with an American-majority board.
- The new board will have seven members, six of whom will be Americans, ensuring US control over TikTok's US operations.
- Oracle, owned by Larry Ellison, is confirmed to lead data privacy and algorithm management for TikTok under the deal.
- Former President Donald Trump discussed and endorsed the deal with Chinese President Xi Jinping, emphasizing US control and approval.
