TikTok ban: all the news on the app’s shutdown and return in the US
After briefly going dark in the US to comply with the divest-or-ban law targeting ByteDance, TikTok quickly came back online. The app eventually reappeared in the App Store and Google Play as negotiations between the US and China continued. Donald Trump continued to sign extensions directing officials not to apply the law’s penalties.
The TikTok US sale is finally happening
TikTok has finalized a deal to sell enough of its US business to satisfy the divest-or-ban law, as initially reported by Axios, The Hollywood Reporter, and CNBC. According to a memo sent from CEO Shou Zi Chew to employees, they are targeting a closing date of January 22nd, 2026. Once the deal is done, ownership stakes in TikTok USDS Joint Venture LLC will break down as follows:
TikTok is just another tool in Larry Ellison’s quest to run the world
For most of his career, Larry Ellison has been content to quietly let Oracle be the company behind the company. But now, in his 80s, Ellison has begun a second act shifting from Silicon Valley pioneer to media mogul. He has started to make his presence known in the tech world.
The TikTok deal raises more questions than answers
Following months of delays, President Donald Trump has signed an executive order that’s supposed to “save” TikTok. Trump claims the deal will make the app “American-operated,” fulfilling the divest-or-ban law that threatened the China-owned app’s presence in the US. But the Trump administration didn’t reveal any information about who will own TikTok’s US operations, or how much they’ll own.
Trump signs ‘Saving TikTok’ order to start resolving its big ban problem
President Donald Trump has signed an executive order recognizing the framework of a deal between ByteDance and the US that would satisfy the TikTok divest-or-ban law. The deal values TikTok’s US operations at $14 billion and puts it under the control of companies based in the US.
Source: Link
