TikTok row: US joint venture deal signed to avert Chinese ownership ban
TikTok has agreed to a joint venture with major investors, including Oracle, to establish a new US-based entity. This move aims to comply with a US law mandating the sale of its American operations or a shutdown, with American and global investors holding over 80% of the new venture.🕒 1 min read
TikTok has agreed to a joint venture with major investors, including Oracle, to establish a new US-based entity. This move aims to comply with a US law mandating the sale of its American operations or a shutdown, with American and global investors holding over 80% of the new venture.
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