TikTok’s Chinese owner ByteDance inks deal to sell US operations to American investors, including Oracle
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4 months ago
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US Tik Tok ban: What will happen and how to cope with it The US Supreme Court is considering issuing a new law to ban TikTok if its parent company, ByteDance, does not sell off its US operations to non-Chinese companies. Here is what will happen if this popular video app is banned in the US.#US #TikTok #TikTokRefugee | CGTN Frontline
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TikTok's Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the company's US assets to American and global investors to avoid a US ban https://reut.rs/4qcmopm | Reuters
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TikTok’s parent ByteDance has agreed to sell over 80% of its US assets to investors including Oracle, Silver Lake and MGX to avoid a potential US ban. The deal is set to close in January, securing the app’s future for over 170 million American users. #TikTok #US #ByteDance #USTech #Oracle #SilverLake #MGX #USBan #TechPolicy #NationalSecurity #CNBCTV18Digital | CNBC-TV18
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