TikTok Seals $14bn Deal to Create US Subsidiary, Averting Nationwide Ban
TikTok has finalised a $14 billion deal to establish a US-based subsidiary, effectively averting a nationwide ban on the popular video-sharing platform. Under the new ownership structure, US private equity firm Silver Lake, Abu Dhabi-based artificial intelligence company MGX, and technology giant Oracle will each hold a 15 per cent stake in the US joint […]
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