A proposal currently under consideration would allow these investors to increase their stakes and spin off TikTok's US business, effectively reducing foreign ownership to below 20 percent in accordance with new national security legislation introduced in January. That law requires businesses deemed sensitive to US national interests to limit foreign ownership, creating an opportunity for US-based private capital to step in. Susquehanna and General Atlantic, both of whom hold board seats at ByteDance, are reported to be leading the negotiations. Oracle, which already manages TikTok's US data infrastructure, is expected to continue playing a key role by ensuring that user data remains stored in the US and inaccessible to external jurisdictions. ByteDance maintains that TikTok's US operations are independently managed, with domestic oversight of data handling and content moderation. The proposed ownership shift would further reinforce this position while maintaining operational...
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