TikTok Finalizes Deal to Form New American Version of App
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Oracle one of TikTok's new investors
U.S. technology company Oracle and private equity firm Silver Lake will collectively control 80 percent of the new American version of TikTok.
TikTok’s U.S. operations would be acquired by a consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a deal that President Trump is set to discuss with Chinese President Xi Jinping this week.