TikTok said that its Chinese owner, ByteDance, had struck a deal with a group of non-Chinese investors to create a new U.S. TikTok, concluding a six-year legal saga that saw the app banned by Congress and ensnared in politicking between two global superpowers. Investors including the software giant Oracle; MGX, an Emirati investment firm; and Silver Lake, another investment firm, will own more than 80 percent of the new venture.
Read the article: The New York Times
