Skip to main content

Slashdot: Abu Dhabi Royal Family To Take Stake In TikTok US

Abu Dhabi Royal Family To Take Stake In TikTok US
Published on September 27, 2025 at 12:50AM
Abu Dhabi's MGX (chaired by Sheikh Tahnoon bin Zayed Al Nahyan) is set to take a 15% stake in TikTok's U.S. business after Donald Trump signed an executive order Thursday night brokering a deal that puts the social media company under U.S. ownership. "Larry Ellison's Oracle, the private equity group Silver Lake and Abu Dhabi's MGX will control roughly 45% of TikTok US," adds The Guardian. "Overall, American companies are expected to control just over 65% of the company, with Trump also naming the personal computer pioneer Michael Dell and Rupert Murdoch's Fox as other investors." From the report: "[TikTok US] will be majority-owned and controlled by United States persons and will no longer be controlled by any foreign adversary," Trump said. "We have American investors taking it over, running it [who are] highly sophisticated, including Larry Ellison. Great investors, the biggest. They don't get bigger. This is going to be American-operated all the way." TikTok's Chinese owner, ByteDance, will retain a 19.9% stake in the US operation. China has not publicly made clear whether it will approve the deal, although Trump said that he "had a good talk" with the Chinese president, Xi Jinping, who "gave us the go-ahead." JD Vance, the US vice-president, said the deal valued TikTok US at $14 billion. "There was some resistance on the Chinese side," Vance said. "But the fundamental thing that we wanted to accomplish is that we wanted to keep TikTok operating but we wanted to make sure that protected Americans' data privacy as required by law." He added: "This deal really does mean that Americans can use TikTok, but actually use it with more confidence than in the past. Because their data is going to be secure and it's not going to be used as a propaganda weapon against our fellow citizens."

Read more of this story at Slashdot.

Labels:

Comments

Post a Comment

Popular posts from this blog

Slashdot: Battery Fires At Recycling Centres Are Costing the UK £1bn a Year

Battery Fires At Recycling Centres Are Costing the UK £1bn a Year Published on 2026-08-23T00:29:00Z Wrongly discarded lithium batteries, such as those in vapes, are causing more than 10 fires a week at U.K. recycling centers, according to figures shared with the Guardian: The Environment Services Association (ESA), the trade body for waste management companies, said its members had reported 1,518 fires in the year to March 2026. At least 541 of these fires were directly attributed to lithium ion batteries, the survey found. There were a further 216 battery fires in bin lorries [garbage trucks]. The ESA said the reported number of battery-related fires underestimated the scale of the problem, because in most incidents it was impossible to determine the cause of the blaze. A spokesperson said: "We know 40% of fires at recycling centres are caused by batteries, but we think the actual number is more like 70%." It estimates that annual cost of these fires has increased from ...
Post a Comment
Read more

Slashdot: How the FSF Sysadmins are Blocking Botnets with reaction

How the FSF Sysadmins are Blocking Botnets with reaction Published on 2026-07-11T21:47:00Z For nearly two years the Free Software Foundation has been fighting web crawlers (including many aggressively scraping training data for AI models). A botnet controlling about five million IPs hit one system for six months in 2025. Their systems administrator wrote this week that they view these as distributed denial-of-service attacks. How are they fighting back? We noticed patterns in the scrapers that were abnormal, which gave us material for writing regular expressions. Searching for the regular expression then gave us a large lists of IP addresses. Looking up the origin of those IP addresses revealed that some of the crawlers were using botnets of residential IP addresses to scrape faster and avoid detection. We looked for what kinds of botnets might be generating the kind of traffic that we were seeing, and one that we suspected was called the "Vo1d" botnet, comprised of sma...
Post a Comment
Read more

Slashdot: AT&T Outlines $250 Billion US Investment Plan To Boost Infrastructure In AI Age

AT&T Outlines $250 Billion US Investment Plan To Boost Infrastructure In AI Age Published on 2026-03-10T20:00:00Z AT&T plans to invest more than $250 billion over the next five years to expand U.S. telecom infrastructure for the AI age. The company says it will also hire thousands of technicians while partnering with AST SpaceMobile to extend coverage to remote areas. Reuters reports: Rapid adoption of artificial intelligence, cloud computing and connected devices has prompted telecom operators to invest heavily in fiber and 5G networks as they also seek to fend off intensifying competition from cable broadband providers. AT&T, which has about 110,000 employees in the U.S., said the new hires will help build and maintain its infrastructure. The outlay includes capital expenditure and other spending, the company said. The spending will focus on expanding its fiber and wireless networks, including accelerating deployment of fiber broadband, 5G home internet and satellite co...
Post a Comment
Read more