How TikTok’s $14 Billion U.S. Deal Will Work Under Oracle Partnership

TLDR ByteDance signed agreements to transfer control of TikTok’s U.S. operations to a new joint venture with Oracle, Silver Lake, and MGX as lead investors The new entity will be 80.1% owned by American and global investors, with ByteDance keeping 19.9% Oracle will store U.S. user data in its cloud centers and audit security compliance [...]

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