TikTok’s new US joint venture will hand over national-security related tasks to its partners, while ByteDance holds onto key business lines.
TikTok told staff it signed a deal to spin parts of its US business into a joint venture with new investors.
Oracle and investment firms Silver Lake and MGX will serve as managing investors in the new entity.
But the new owners aren’t going to manage… [3233 chars]
Source: NewsBreak | Published: 2025-12-19T19:33:00Z
Credit: NewsBreak
