After months of negotiations, TikTok finalized a deal with several US-based investors days before the next deadline, after which TikTok would have allegedly been banned in the US. Today, TikTok was finally divested from ByteDance, which retains a 20% stake, while the other 80% is split between Oracle, Silver Lake, MGX and others. Each of those three companies gets a 15% stake.
In recent years, the global conversation around cloud computing has shifted from a focus on technology to geopolitics. Data sovereignty, privacy, and control are now top concerns for enterprises outside the United States-especially across Europe, the UK, Asia, and Africa. Regulations and shifting political winds are prompting companies to reassess the risks of storing their data in the hands of foreign-most notably, American-companies.
