Brian Fung | @[email protected]

@b_fung ↗

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Last Checked Nov. 10, 2022

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Mon Sep 21 17:44:41 +0000 2020

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Brian Fung | @[email protected] @b_fung

Here’s what I’ve been able to gather so far, from a person familiar with the deal. TikTok Global has to be created. Once it’s established, its ownership structure will simply reflect ByteDance’s ownership structure, but this is not the same as saying ByteDance is the owner. — PolitiTweet.org

Posted Sept. 21, 2020 Hibernated

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Brian Fung | @[email protected] @b_fung

ByteDance claimed that the new TikTok ("TikTok Global”) will be a “100% owned subsidiary of ByteDance.” Oracle said after it and Walmart make their investment, "Americans will be the majority and ByteDance will have no ownership in TikTok Global." — PolitiTweet.org

Posted Sept. 21, 2020 Hibernated

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Brian Fung | @[email protected] @b_fung

So just as ByteDance is currently broken down by 41% US investors, 14% international investors and 45% Chinese investors, TikTok Global will also have this same breakdown in investor stakes. But ByteDance, the actual corporate entity, will not be an investor, the person said. — PolitiTweet.org

Posted Sept. 21, 2020 Hibernated