TikTok agrees to sell US operations to American-led investor group

[Redaktion]

TikTok's US operations will be housed in a new joint venture, according to a memo sent to employees by CEO Shou Zi Chew. The entity is named TikTok USDS Joint Venture LLC. As part of the venture, TikTok has signed agreements with the three managing investors: Oracle, Silver Lake, and Abu Dhabi-based MGX.

https://www.notebookcheck.net/TikTok-agrees-to-sell-US-operations-to-American-led-investor-group.1189133.0.html