TikTok has class=”link ” href=”https://newsroom.tiktok.com/announcement-from-the-new-tiktok-usds-joint-venture-llc?lang=en” data-i13n=”cpos:1;pos:1″ rel=”nofollow noopener” target=”_blank” data-ylk=”slk:finalized;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas” data-yga=”{"yLinkText":"finalized","yLinkPosition":"1","yPosition":"1","yLinkElement":"context_link","yModuleName":"content-canvas","yHasCommerce":false}”>finalized the class=”link ” href=”https://www.engadget.com/social-media/we-have-more-details-on-the-tiktok-deal-including-some-ownership-statistics-163003507.html” data-i13n=”cpos:2;pos:1″ data-ylk=”slk:deal for its US entity;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas” data-yga=”{"yLinkText":"deal for its US entity","yLinkPosition":"2","yPosition":"1","yLinkElement":"context_link","yModuleName":"content-canvas","yHasCommerce":false}”>deal for its US entity, with its parent company ByteDance selling majority of its stake to a group of non-Chinese investors. The deal was closed just before the Trump Administration’s latest deadline, banning the app in the US unless it was divested from ByteDance, which will only retain 20 percent of the new entity. TikTok’s investors will own 80 percent, with Oracle, Silver Lake and MGX, an Emirati-state owned investment firm, taking 15 percent each. Other investors…
