The TikTok deal is done, finally

Just implicit a twelvemonth aft it concisely disappeared from app stores, TikTok successful the US is present portion of a caller entity, TikTok USDS Joint Venture LLC. With support from some the US and China closing connected the docket laid retired successful December, ByteDance's ownership of the caller associated task is present lone 19.9 percent to fulfill the presumption of the divest-or-ban instrumentality signed successful 2024 by President Biden. The different 80.1 percent is owned by concern steadfast Silver Lake, Oracle, and Abu Dhabi concern steadfast MGX - the 3 "managing investors" that present clasp 15 percent stakes - and respective different smaller investors, similar Michael Dell's household concern firm.

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