Reuters - TikTok's Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the company's U.S. assets to American and global investors to avoid a U.S. government ban, TikTok CEO Shou Zi Chew told employees on Thursday. The deal is a major step toward resolving years of uncertainty about the...
government ban, TikTok CEO Shou Zi Chew told employees on Thursday. Dance and TikTok signed binding agreements with three managing investors: Oracle, Silver Lake and MGX, to form a new TikTok U. joint venture named TikTok USDS Joint Venture LLC.
Summarised from Ada Derana Biz
People- Donald Trump2
- Shou Zi Chew.The
- Larry Ellison
- Shou Zi Chew
- Xi Jinping
- Joe Biden
Organisations- Silver Lake2
- ByteDance2
- Oracle2
- MGX2
- TikTok USDS Joint Venture LLC.Oracle
- Reuters
- TikTok
- BBC
Places- United States2
- White House2
- China2
- Washington
- Amer
Keywords- signs2
- deal2
- business
- binding
- operate
- owner
- form
- sell
- app
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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