TikTok U.S. Sale to Oracle-Led Group Set to Close in January
Source: MacRumors
TikTok sale to investment group
TikTok has agreed to sell its U.S. operations to an investment group that includes Oracle, Silver Lake, and UAE‑based company MGX, reports Axios. The “TikTok USDS Joint Venture LLC” that includes the three companies will own 45 percent of TikTok, while ByteDance will keep close to 20 percent. Existing…