50% of TikTok shares to be taken over by US investors on January 22

50% of: JAKARTA - After a long drama for five years, the future of TikTok in the United States has finally seen a light at the end of the tunnel. A stock sale agreement is scheduled to be unveiled on January 22.

50% of: If the Chinese government gives the green light, TikTok's ownership in the US will change drastically to meet the requirements of a national data protection law signed by President Biden.

50% of: In the new ownership structure, the US investment company and its allies will hold 50% of the shares. In detail, Oracle, Silver Lake, and the state-owned MGX company in Abu Dhabi will each hold 15% of the shares, while other unnamed investors will complete the remaining portion.

On the other hand, ByteDance will still hold 19.9% of the shares, and the remaining 30.1% will be owned by affiliates of existing ByteDance investors.

50% of: This step was taken as a solution so that TikTok would not be banned completely in the United States. As part of the deal, TikTok will form a board of directors, the majority of which will be members of the United States to ensure data security and national interests.

50%: Oracle will be in charge of storing US user data, while the moderation of content and policy operations in the country will be managed by the new entity resulting from the cooperation.

50% of: One big change that users will feel immediately is to the algorithm system. TikTok's algorithm in the United States will be retrained specifically using US user data only, without involving data from other countries.

This is done with the aim of ensuring that the content flow (feed) in the application is free from manipulation or influence from outside parties.

50% of: Although Apple and Google were hesitant due to the risk of legal fines, the intervention of the Trump administration - which has now turned in favor of TikTok's existence for competition with Facebook - has facilitated this process.