Na di US government, led by President Donald Trump, don officially approve a deal to make sure say TikTok continue dey work for inside America.1 Di deal na one plan to transfer di control of TikTok US from its original Chinese owner, ByteDance, to a group of American investors.2
Who get TikTok now and how e go work?
- New Ownership Structure: Di deal go make TikTok US become a new company, wey American investors go get di major part of am.3 Reports from di White House talk say dis group of investors go get about 80% of di new company.4
- Di Main Owners: Di lead investor for dis consortium na di tech giant, Oracle.5 Other big companies wey suppose dey involved include Silver Lake and MGX, wey be investment company from Abu Dhabi.6 Di founder of Dell, Michael Dell and media mogul Rupert Murdoch also dey mentioned as potential investors.7
- ByteDance Share: Di original Chinese owner, ByteDance, still go get a small share, less than 20% of di new company, as di law for America talk.8
- Control of Di Algorithm and Data: Dis na di main point of di whole thing.9 Under di new deal, a licensed copy of TikTok’s recommendation algorithm go dey controlled by di new American owners. Oracle go manage di security of di app and store all di data of US users inside America, so dat di Chinese government no go fit get access to am.10
- Why Dem Do Am: For years, di US government don dey fear say di Chinese government fit use TikTok to spy on Americans or manipulate what dem dey see for their social media feed.11 Dis new deal dey aimed at solving dem security concerns while still allowing di app wey get over 170 million users for America to continue dey work.12
Di whole process still dey in a transition period, and di final transfer of ownership suppose to complete within di next 120 days.13
