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TikTok has finalized the deal for its US entity, with its parent company ByteDance selling majority of its stake to a group of non-Chinese investors. The deal was closed just before the Trump Administration's latest deadline, banning the app in the US unless it was divested from ByteDance, which will only retain 20 percent of the new entity. TikTok's investors will own 80 percent, with Oracle, Silver Lake and MGX, an Emirati-state owned investment firm, taking 15 percent each. Other investors include the investment firm of Dell's CEO.
The terms of the deal were first leaked last month, after TikTok CEO Shou Chew reportedly told employees in a memo that TikTok and ByteDance had agreed to a group of investors. This ends a lengthy saga and months of slow progress as the agreement was being worked out, ensuring that the app will remain available in the US after years of being on the verge of a ban in the country.
According to TikTok's announcement, the joint venture will protect American users' data with Oracle's secure US cloud environment. It will also retrain TikTok's algorithm on US users' data and will be in charge of content moderation in the US. The entity promises interoperability, as well, promising that users will
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The peak time for deals on streaming services — the holiday shopping season — has come and gone, but Disney is back with a fresh offer for the new year. New and eligible returning subscribers can get one month of the ad-supported Disney Hulu bundle for just $10. That's $3 off the usual monthly rate for the bundle, and more than 58 percent off if you consider the prices for each service individually (Disney at $12 per month and, separately, Hulu also at $12 per month).
We'd be remiss if we didn't mention that this isn't quite as good as the Black Friday deal we saw last year, which offered the same bundle for $5 per month for one year. However, if you missed that offer or just want to try out Disney and Hulu for a brief period of time, this is a good way to do so.
Disney and Hulu make one of the most balanced streaming pairs available, blending family-friendly favorites with
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