TikTok has signed a deal to kind a brand new U.S. three way partnership managed by principally American traders that embrace Oracle Corporation, Silver Lake and MGX, in accordance with an inside memo despatched by TikTok CEO Shou Chew and obtained by ABC News.
This lastly begins the method of ending the years-long saga over TikTok. It comes after Congress handed a regulation final yr that requires TikTok to be banned within the U.S. if its Chinese mum or dad firm, ByteDance, doesn’t promote its U.S. entity to Americans.
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