The TikTok US sale is finally happening

TikTok has finalized the woody to merchantability its US business, according to reports from Axios, The Hollywood Reporter, and CNBC. They study that a memo from TikTok CEO Shou Zi Chew to employees connected Thursday said the woody volition adjacent connected January 22nd, with Oracle, Silver Lake, and Abu Dhabi's MGX owning 45 percent of the company, portion its China-based genitor institution ByteDance volition clasp 20 percent.

The remainder of the institution volition beryllium held by "affiliates of existing ByteDance investors," Axios reports. TikTok briefly went acheronian successful the US successful January as the divest-or-ban law came into effect. Throughout the year, President Donald Trump granted TikTok a s …

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