Gadgets

Trump’s TikTok deal will give control to a group of US investors, report says

Published

on

[ad_1]

The plan to “save” TikTok is starting to come into focus. On Tuesday The Wall Street Journal reported more details about a deal between the US and China as the two sides are apparently “finalizing” specifics of the arrangement.

According to the report, TikTok’s US business will be owned primarily by a group of US investors, which will have a “roughly” 80 percent stake in the entity. The group includes longtime TikTok partner Oracle, as well as Silicon Valley VC firm Andreesen Horowitz and the private…

[ad_2]

Source link

Exit mobile version