TikTok Agrees to Sell U.S. Operations to Oracle-Led Group
TL;DR Summary
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.
- TikTok owner agrees to sell US business BBC
- TikTok has signed the deal to spin off its US entity with American investor group CNN
- TikTok Signs Agreements With Investors in Step Toward Avoiding a U.S. Ban The New York Times
- Scoop: TikTok signs deal for sale of U.S. unit after yearslong saga Axios
- TikTok signs deal to give U.S. operations to Oracle-led investor group NPR
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