Shafaq News – Washington
A consortium of American firms includingOracle, Silver Lake, and Andreessen Horowitz is moving to acquire TikTok’s USoperations, the Wall Street Journal reported on Tuesday.
According to the outlet, negotiationsbetween Washington and Beijing in Madrid outlined a framework for a new entity,with US investors expected to hold about 80% and Chinese shareholders theremainder.
The development coincided with US PresidentDonald Trump signing an order extending the deadline for ByteDance to divestTikTok’s US assets until December 16, granting the Chinese parent company 90additional days to complete the deal.
Talks are expected to conclude within 30 to45 days, with Oracle set to maintain its cloud services contract for theplatform, according to US media.
Read more: TikTok in Iraq: A battle between entertainment, ethics, and enforcement.
Hence then, the article about us investors to take control of tiktok under draft deal was published today ( ) and is available on SHAFAQ NEWS ( Iraq ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( US investors to take control of TikTok under draft deal )
Also on site :
- Inside Iran’s Preparation for War and Plans for Survival
- I tried Harry Styles’s favourite shoes as a mid-40s dad – my daughter was horrified
- Kid Rock Predicts God Will ‘Cut Down’ Journalists for Reporting (Accurately) That He Is Charging Up to $5,000 for Tour Tickets