President Donald Trump has announced tentative plans for a new company that will allow TikTok to continue operating in the United States.
The plan to « save » TikTok is starting to come into focus. On Tuesday The Wall Street Journal reported more details about a deal between the US and China as the two sides are apparently « finalizing » specifics of the arrangement.
According to the report, TikTok’s US business will be owned primarily by a group of US investors, which will have a « roughly » 80 percent stake in the entity. The group includes longtime TikTok partner Oracle, as well as Silicon Valley VC firm Andreesen Horowitz and the private equity firm Silver Lake.
