Yazılar

Trump team says TikTok U.S. divestiture deal close, Oracle and Silver Lake among investors

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The White House said Monday that President Donald Trump will soon certify a deal to separate TikTok’s U.S. operations from Chinese parent ByteDance, declaring it compliant with the 2024 divestiture law.

Under the agreement, ByteDance’s stake will fall below 20%, with control shifting to a mix of existing U.S. stakeholders and new investors, including Oracle and private equity firm Silver Lake. Additional “household name” investors are expected to be announced, according to a senior official.

Key deal terms include:

  • Oracle will provide U.S.-based cloud infrastructure to store all American user data.

  • Prominent U.S. investors such as Lachlan Murdoch, Larry Ellison, and Michael Dell are expected to participate.

  • The U.S. government will not take a board seat or a “golden share” in the new entity.

  • TikTok’s U.S. assets are valued at “many billions of dollars,” though an exact figure is pending.

The Trump administration is confident Beijing has signed off on the framework, though some paperwork still needs to be finalized. China’s embassy in Washington said it welcomed “productive commercial negotiations” that respected both nations’ laws and interests.

TikTok, with 170 million American users, faced a looming ban after Congress passed a law requiring ByteDance to divest U.S. operations by January 2025. Trump previously extended enforcement to mid-December to allow negotiations. His new executive order will add another 120-day pause to give investors and ByteDance time to close the deal.

The agreement marks a rare breakthrough in strained U.S.–China trade relations and could prevent a forced shutdown of one of the world’s most popular social media platforms in America.

U.S. Treasury’s Bessent to Meet China’s He Lifeng in Madrid on Trade, TikTok, and Money Laundering

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U.S. Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng in Madrid next week for high-level talks covering trade, TikTok, and illicit finance, the Treasury said Thursday. The meetings, set for September 12–18, coincide with Bessent’s trip to Spain and Britain, ahead of his participation in President Donald Trump’s state visit to the UK (Sept. 17–19).

Focus Areas

  • Trade and Tariffs: The talks mark the fourth major in-person meeting between Bessent and He this year, as Washington and Beijing seek to uphold a fragile trade truce. A July meeting in Stockholm resulted in a 90-day tariff pause extension, approved by Trump until November 10. U.S. tariffs on Chinese goods remain steep at ~55%, with agriculture a sticking point. Washington accuses China of shifting farm imports to Brazil and Argentina, undercutting U.S. soybean farmers.

  • TikTok Deadline: ByteDance’s short-video platform faces a U.S. ban unless it is sold to U.S. ownership. Trump extended TikTok’s divestment deadline to September 17. Treasury confirmed the app will be discussed in Madrid, after not featuring in July’s talks.

  • Money Laundering Cooperation: Both sides will address illicit finance, which Washington links to Chinese banks allegedly enabling Russia’s access to military technologies amid the Ukraine war. Treasury retains the authority to sanction Chinese banks involved in such transfers, though it has not yet exercised it.

Broader Context

The Madrid meeting comes as the world’s two largest economies attempt to stabilize relations:

  • Rare earth exports from China to the U.S. were restored under the current truce.

  • However, agriculture and tariffs remain unresolved, with U.S. farmers facing a shrinking share of the Chinese market.

  • Trump has maintained high tariffs on Chinese goods, including those tied to fentanyl supply chain disputes.

The outcome of the Madrid talks remains uncertain, particularly on farm trade or tariff relief, but the inclusion of TikTok and money laundering suggests Washington is broadening the agenda beyond traditional trade disputes.

FCC to End EchoStar 5G Probe After $40 Billion in Spectrum Deals with SpaceX and AT&T

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The U.S. Federal Communications Commission (FCC) will close its investigation into EchoStar’s 5G buildout obligations, following the company’s recent spectrum sales to SpaceX and AT&T worth a combined $40 billion.

FCC’s decision

  • FCC Chair Brendan Carr said in a letter to EchoStar Chair Charles Ergen that the agency would conclude EchoStar has met its 5G obligations.

  • Carr called the outcome a “potential game changer” for American consumers, freeing up spectrum and injecting new competition into the wireless market.

  • EchoStar’s Boost Mobile brand, which lost 2 million customers in recent years, had been seen as providing limited competitive pressure.

Spectrum sales

  • $17B deal with SpaceX: Enables Starlink Direct-to-Cell services with upgraded satellites.

  • $23B deal with AT&T: Provides AT&T with 50 MHz of nationwide mid- and low-band spectrum.

Background

  • EchoStar was under probe for slow 5G deployment and potential “warehousing” of spectrum.

  • SpaceX had previously pressed the FCC to review EchoStar’s holdings.

  • The FCC’s move confirms EchoStar’s exclusive rights to key spectrum blocks for ground and satellite use.

Political backdrop

  • In June, President Donald Trump encouraged EchoStar and the FCC to resolve disputes over its wireless spectrum licenses.

  • The transactions with SpaceX and AT&T still require final FCC approval.

Industry impact

Carr said the deals could reshape the wireless market:

“The status quo wasn’t working. We have a chance now to do something different … this is much more competitive.”