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EngadgetDec 19, 2025
We have more details on the TikTok deal, including some ownership statistics
TikTok has signed a deal to spin off its American business, according to reporting from Associated Press and others. This should keep the popular social media app available in the US for good, capping off years of drama.

We now have some new data as to the specifics of the deal. Nearly 50 percent of assets will be split between three companies. Oracle, Silver Lake and MGX will each control around 15 percent of the newly-formed entity. It's worth noting that MGX isn't an American company at all, but rather Abu Dhabi's state-owned investment firm.

The rest will remain in the hands of affiliates of TikTok's parent company, ByteDance. That company will also take a direct ownership stake of around 20 percent. US platform operations will be managed by a seven-member board of directors. The majority of this board will be Americans.

US data will be stored under a system operated by Oracle. That company is run by Larry Ellison, a


CNET Most Popular ProductsDec 19, 2025
The Oil You Shouldn't Use in Your Air Fryer and the Ones You Should
If you're using extra-virgin olive oil in your air fryer, this chef would like a word.

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These Are 9 of the Best Things to Use ChatGPT For
There are many things you shouldn't ask ChatGPT to do for you. But these prompts bring out the AI chatbot's good side.

CNET NewsDec 18, 2025
Apple TV: 15 of the Absolute Best Sci-Fi Shows You Should Stream Now
No other streamer does sci-fi like Apple TV.

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EngadgetDec 16, 2025
YouTube is letting creators make playable games with a Gemini 3 tool
Google's at it again, once more insisting that AI is something people need or want more of in their lives. The latest move comes from YouTube Gaming, which announced an open beta for a project called Playables Builder. This allows select YouTube Creators to use a "prototype web app built using Gemini 3" to make bite-sized games, no coding required. 

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