About half of TikTok US to be owned by Oracle, Silver Lake, and MGX. 20% to be held by ByteDance, and 30% by other existing investors.
The only real change is TikTok US will now have a seven member board with a majority being American. And this is going to "protect American's data and U.S. national security."
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About half of TikTok US to be owned by Oracle, Silver Lake, and MGX. 20% to be held by ByteDance, and 30% by other existing investors.
The only real change is TikTok US will now have a seven member board with a majority being American. And this is going to "protect American's data and U.S. national security."
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