A consortium of investors including Oracle, Silver Lake, and Andreessen Horowitz, is nearing a deal to take control of TikTok’s U.S. operations, as President Trump extends the deadline for banning the app to December 16.
The Wall Street Journal reports that in a significant development in the ongoing saga surrounding TikTok’s future in the United States, a group of U.S. investors is close to finalizing a deal that would give them majority control over the popular video-sharing app’s U.S. business. The consortium, which includes tech giant Oracle, Silver Lake, and Andreessen Horowitz, is expected to hold an 80 percent stake in the new…
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