Alexandra Levine

So we know that the folks that are ultimately going to be involved are going to be the three managing investors, Silverlake, MGX, and Oracle, which already has this longstanding relationship with TikTok.

And then there are a combination of other investors that have been longtime ByteDance affiliates.

I think that the most remarkable piece of this is just the fact that it spanned three presidencies, more than half a decade.

It's been almost seven years since all of this started.

And 200 million people, which is more than half the country, are now on the platform.

And it has grown so considerably since all of this has been happening.

Yeah, so the new CEO of this new TikTok venture is Adam Presser.

Adam Presser has been viewed as a contender for the top job.

He's been viewed as a very influential insider for many years.

He has an entertainment background, not a political background, but he came from Warner Media and he joined TikTok in 2022 and was since then really, really close to Shochu.

reporting directly into to show who has been the ceo he's taken increasing responsibility over the last few years and he's really like just below the top of by dance global and so this was a very obvious choice and he has also been leading tiktok u.s data security it's not a protection arm that is now basically being adapted into this new joint venture uh you know over the last year or so