– TikTok’s Future Legacy: How Creators Hope to Be Remembered
- It will now be owned by a group of marvelous American patriots and investors, writes US President Donald trump on Truth Social on Friday night.
- It was the newspaper The New York Times which first reported that the sale of the American part of TikTok had been completed.
- - I only hope that far into the future I will be remembered by those who use and love TikTok, writes President Trump further.
– I am so happy to have contributed to saving TikTok. It will now be owned by a group of marvelous American patriots and investors, writes US President Donald trump on Truth Social on Friday night.
It was the newspaper The New York Times which first reported that the sale of the American part of TikTok had been completed.
– I only hope that far into the future I will be remembered by those who use and love TikTok, writes President Trump further.
He also thanks vice President JD Vance and the administration, as well as China.
– I would also like to thank President Xi for working with us and finally approving the agreement, writes Trump.
Screenshot from Donald Trump/Truth Social
Investors
The new investors consist of the American IT giant Oracle and the investment company MGX in abu Dhabi, and also Silver Lake, another investment company. The new investors thus together own more than 80 percent of the American part of TikTok.
Technology billionaire Michael Dell is also on the ownership side with a personal investment, TikTok says according to the NYT.
Adam Presser, who previously worked as chief operating officer and head of trust and security at TikTok, will lead the new company as CEO. He will bring with him a board of seven members, including Tiktok’s CEO, Shou Chew, writes the AP news agency.