Oracle, others to control 80% stake in TikTok in US: Report
TikTok's US operations will be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz, under the framework US and China are finalising, the Wall Street Journal reported. A new company will be created to operate TikTok, with the US investors holding 80% stake. This company will have an American-dominated board, with one member designated by US government.