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TikTok Agrees to Sell U.S. Operations to Oracle-Led Group

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Source: BBC
TikTok Agrees to Sell U.S. Operations to Oracle-Led Group
Photo: BBC
TL;DR

TikTok's Chinese owner ByteDance has agreed to sell the majority of its US business to a group of investors including Oracle, Silver Lake, and MGX, with the deal set to close on January 22, ending years of US government efforts to force a sale over national security concerns.

Topics:nation#business#bytedance#investment#oracle#tiktok#us-sale
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  1. TikTok owner agrees to sell US business  BBC
  2. TikTok has signed the deal to spin off its US entity with American investor group  CNN
  3. TikTok Signs Agreements With Investors in Step Toward Avoiding a U.S. Ban  The New York Times
  4. Scoop: TikTok signs deal for sale of U.S. unit after yearslong saga  Axios
  5. TikTok signs deal to give U.S. operations to Oracle-led investor group  NPR

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