Reported 1 day ago
Ongoing discussions led by the White House about TikTok's future involve major investors in ByteDance, who aim to acquire the app's U.S. operations. The proposed plan includes establishing a separate U.S. entity to reduce Chinese ownership below the legal threshold, potentially averting a U.S. ban. Key investors, including Susquehanna International Group and General Atlantic, are at the forefront of these negotiations, with Oracle expected to manage U.S. user data securely.
Source: YAHOO