WASHINGTON -- The U.S. operations of TikTok will be moved from Chinese owner ByteDance to a new American-owned joint venture with Oracle and private equity firm Silver Lake among its owners, in a move ...
TikTok was required to sell its business or cease providing services in the U.S. under the Protecting Americans from Applications Controlled by Foreign Adversaries Act, commonly known as the TikTok ...
SAN FRANCISCO (AP) — TikTok has signed agreements with three major investors — Oracle, Silver Lake and MGX — to form a new TikTok U.S. joint venture, ensuring the popular social video platform can ...
The new TikTok U.S. joint venture will be 50 percent held by a consortium of new investors, including Oracle, Silver Lake and MGX with 15 percent each. Another 30.1 percent will be held by affiliates ...
SAN FRANCISCO (AP) — TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in ...