July 8, 2025 – A week ago, Bloomberg reported that ByteDance was in talks with a consortium consisting of Oracle, Blackstone Group, and venture capital firm Andreessen Horowitz regarding the potential sale of TikTok’s U.S. operations. In response to this news, ByteDance told Yicai Global today that the report was false and that no agreement had been reached.
According to Bloomberg, the proposed deal is aimed at complying with the requirements of the U.S. “Protecting Americans from Foreign Adversary Controlled Applications Act” and addressing U.S. concerns over data security. The transaction would still require approval from both the Chinese and U.S. governments. Currently, the U.S. government has set a final deadline of September 17 for the matter.
It’s worth noting that The Information reported yesterday that TikTok is developing a new version of its app for U.S. users, which some speculate could be a step towards preparing for the potential sale of its U.S. business.
