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. Chinese shareholders will have a minority stake that keeps their ownership
→ Continue reading at Engadget
