TikTok Finalizes U.S. Joint Venture to Continue American Operations

TLDR TikTok established a U.S. joint venture with Oracle, Silver Lake, and MGX holding 50% ownership stakes Adam Presser takes over as CEO of TikTok’s American operations while Shou Chew stays on as board director ByteDance maintains 19.9% ownership in the new TikTok USDS Joint Venture structure The agreement ends years of regulatory pressure and [...]

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