Last Updated:
First Published:
TikTok’s top executive announced to employees that ByteDance, the social-media juggernaut’s parent company, has signed deals to create a U.S. joint venture majority-owned by U.S. companies,
Bloomberg News reported late Thursday.
Agreements with Oracle ORCL, tech-focused investment firm Silver Lake and MGX, an arm of Abu Dhabi’s sovereign-wealth fund, have been signed, Bloomberg said, citing an internal memo from TikTok CEO Shou Chew that it had reviewed.
