fromBenzinga
1 week agoLeaked Memo Reveals Why TikTok's New US Owners May Have Less Power Than Expected
The deal, expected to close in late January, will give Oracle, Silver Lake, and MGX a combined 45% stake in the US joint venture. ByteDance will maintain ownership of just under 20% of the US business, but retain oversight of the rest of the world and manage TikTok US's e-commerce, advertising, and marketing strategies. Why It Matters: This deal signifies a significant shift in the ownership structure of TikTok's US operations.
Venture










