No Golden Share For US in TikTok Deal, White House Says

The US will not hold a golden share or equity position in a new entity that will control TikTok’s American operations, according to a White House official, even as President Donald Trump has taken steps toward unprecedented government involvement in other businesses during his second term.

Under the arrangement for TikTok, the new board will also not have a member selected by the US government, the official said Monday during a briefing call with reporters, providing new details on the US-China agreement after months of negotiations.

The consortium will include Oracle Corp. and private equity firm Silver Lake Management LLC ...