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TikTok signs deal to sell US unit to 3 American investors

TikTok US Operations Set to Spin Off Under Deal With Oracle, Silver Lake and MGX

TikTok is moving closer to staying online in the United States after reaching a major deal to separate its US business from its China-based parent company, ByteDance.

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TikTok has signed the deal to spin off its US entity with American investor group

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Tiktok signs deal to sell US business to American investors

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TikTok owner signs deal to avoid US ban

TikTok's Chinese owner ByteDance has signed binding agreements with US and global investors for the majority of its business in America, TikTok's boss told employees on Thursday.

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TikTok owner signs deal to create U.S. joint venture

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TikTok says Chinese owner will retain core US business

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China's ByteDance signs deal to form joint venture in step to avoid US TikTok ban

Under the agreement, American and global investors including cloud computing giant Oracle, private equity group Silver Lake and Abu Dhabi-based MGX will hold an 80.1% stake in the new TikTok USDS Join...

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TikTok owner signs to join venture agreements to avoid U.S. ban

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What to Know About the Deal Giving American Investors a Big Stake in TikTok

ByteDance confirms TikTok will be controlled by US owners

In a memo to staff reviewed by Reuters, TikTok CEO Shou Zi Chew confirmed that all US data “will be stored in a trusted and secure cloud environment in the United States run by Oracle,” with Oracle ultimately responsible for safeguarding US data.

iDrop News

TikTok Is Staying: US Sale Officially Reached

TikTok has reached a deal to stay in the US. Learn how the new Oracle-led ownership and a retrained algorithm will change the app for 170M users.