State of play: With the deal, U.S. tech giant Oracle, private equity firm Silver Lake and Abu Dhabi-based investment firm MGX will collectively own 45% of the U.S. entity, which will be called "TikTo… [+2897 chars]
TikTok closes deal to divest U.S. operations - Axios
The deal ends a yearslong saga to force TikTok's Chinese parent ByteDance to sell the company's U.S. operation.
By:Sara Fischer, Christine Wang
Source:Axios
Published:
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