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Internal memo: TikTok has signed a deal to sell its US unit; Oracle, Silver Lake, MGX will collectively own 45% of the US entity, and ByteDance will retain ~20% (Sara Fischer/Axios)

Mediagazer · last updated

Sara Fischer / Axios:
Internal memo: TikTok has signed a deal to sell its US unit; Oracle, Silver Lake, MGX will collectively own 45% of the US entity, and ByteDance will retain ~20%  —  TikTok has signed a deal to sell its U.S. entity to a joint venture controlled by American investors, per an internal memo seen by Axios.

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