Tech
After years of drama, TikTok’s U.S. sale is set to close next month
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Stop us if you’ve heard this before, but it appears that the TikTok sale odyssey may be about to wrap up. Here are the details.
Deal set to close in January
As reported by Axios, TikTok has signed a deal to sell its U.S. unit to a joint venture with three managing investors: Oracle, Silver Lake, and Abu Dhabi-based MGX.
This agreement, which is set to finally close on January 22, was announced via an internal memo sent by TikTok CEO Shou Chew and obtained by Axios.
Once…
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