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Techmeme
January 23, 2026, 2:25 PM
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New York Times:
ByteDance strikes a deal with a group of non-Chinese investors to create a new TikTok US entity and avoid a federal ban, concluding a six-year legal saga  —  TikTok said on Thursday that its Chinese owner, ByteDance, had struck a deal with a group of non-Chinese investors to create a new U.S. TikTok …
Jonathan Vanian / CNBC:
Adam Presser, previously TikTok's head of operations and trust and safety, will be the CEO of TikTok USDS Joint Venture; TikTok CEO Shou Chew will be a director  —  TikTok said Thursday that it formed a joint venture that will keep the video-sharing app operating in the U.S. under the leadership of an American executive.
Financial Times:
TikTok's new majority US-owned JV includes investors Oracle, Silver Lake, and Abu Dhabi's MGX, each holding 15%, and Dell Family Office; ByteDance retains 19.9%
Jim Secreto / Financial Times:
The US' TikTok deal is a win for ByteDance: it will keep and license the algorithm instead of selling it, and continue to run TikTok's commercial activities
Sara Fischer / Axios:
Source: the TikTok US deal values it at just around $14B; TikTok's US entity makes roughly $14B annually in advertising revenues alone, per analyst estimates
Suvashree Ghosh / Bloomberg:
R&D firm Merkle, which sold Farcaster, says it plans to repay VCs the $180M they invested in the social media project, and says Farcaster is not shutting down  —  The software firm behind a crypto-oriented social-media platform plans to repay venture capitalists the $180 million …
Reuters:
Intel says it struggled to satisfy demand for its server chips used in AI data centers, and forecasts Q1 2026 revenue and profit below market estimates  —  Intel (INTC.O) said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue …
Kif Leswing / CNBC:
Intel reports Q4 revenue down 4% YoY to $13.7B, vs. $13.4B est., Data Center and AI revenue up 9% to $4.7B, Q1 guidance below est.; INTC drops 10%+
Allie Garfinkle / Fortune:
Cubby, which makes software for self-storage operators, raised a $63M Series A led by Growth Equity at Goldman Sachs Alternatives  —  Senior Finance Reporter And Author Of Term Sheet  —  Wild things happen in the self-storage business.  —  In 2023, Matt Engfer was at back-to-back lien auctions in Texas.
Yueqi Yang / The Information:
Source: Binance considers reintroducing stock tokens after removing them in 2021; OKX, Kraken, Bitget, and others are expanding their tokenized stock offerings  —  Some of the world's biggest crypto exchanges are racing to let their customers trade crypto tokens that seek to track U.S. stocks …
More: CoinDesk
Bloomberg:
Sources: UBS plans to make cryptocurrency investing available for some private banking clients in Switzerland, starting with bitcoin and ether  —  UBS Group AG plans to make cryptocurrency investing available for some private banking clients, in what could become a significant move …

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From Mediagazer

Reuters:
Independent Russian newspaper Novaya Gazeta plans to shut down after 30+ years, following pressure from Russian authorities and the persecution of its reporters

Bruce Gil / Gizmodo:
Fan fiction site AO3 says it will be offline for two to four weeks after a security incident; it hosts over 18M works and has 11M registered users

Selome Hailu / Variety:
Sources: Reese Witherspoon's Hello Sunshine lays off about 30 employees, roughly 50% of its staff, as it focuses on film and TV projects and its book club brand

More News

Financial Times:
Sources: Ledger is working with banks on a US IPO that could value the French cryptocurrency company at more than $4B; it was valued at $1.5B in 2023

Earlier Picks

Financial Times:
Netflix co-CEO Greg Peters expects Netflix to win WBD, says Paramount's bid “doesn't pass the sniff test” and a “very small” number of WBD holders backed it
Mark Gurman / Bloomberg:
Apple accuses the European Commission of “political delay tactics”, as the EC seems to be preparing to blame Apple for the shutdown of the Setapp app store
Greg Bensinger / Reuters:
Sources: Amazon is planning a second round of job cuts next week as part of its goal of trimming 30,000 corporate workers, after cutting 14,000 jobs in October
The Verge:
Epic v. Google: Epic and Google have a secret deal involving Unreal Engine, Fortnite, and Android, with Epic spending $800M over six years on Google services
Wall Street Journal:
Capital One agrees to acquire Brex, which specializes in tech to administer corporate credit cards, expenses, and rewards, for $5.15B in cash and stock
Aisha Malik / TechCrunch:
Google rolls out Personal Intelligence in AI Mode, an opt-in feature that uses Gmail and Photos data for more tailored responses, for US AI Pro and Ultra users
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