TikTok and ByteDance Form JV to Shift Parts of US Business to Oracle, Silver Lake, MGX
TikTok, the short video app used by millions every day, has taken a major step to secure its future in the United States. Its parent company, ByteDance, has officially formed a new joint venture to shift parts of TikTok’s United States business to a group led by Oracle, Silver Lake, and Abu Dhabi-based investment firm MGX.
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