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Stop us if you’ve heard this before, but it appears that the TikTok sale odyssey may be about to wrap up. Here are the details.
As reported by Axios, TikTok has signed a deal to sell its U.S. unit to a joint venture with three managing investors: Oracle, Silver Lake, and Abu Dhabi-based MGX.
This agreement, which is set to finally close on January 22, was announced via an internal memo sent by TikTok CEO Shou Chew and obtained by Axios.
Once…
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Stop us if you’ve heard this before, but it appears that the TikTok sale odyssey may be about to wrap up. Here are the details.
As reported by Axios, TikTok has signed a deal to sell its U.S. unit to a joint venture with three managing investors: Oracle, Silver Lake, and Abu Dhabi-based MGX.
This agreement, which is set to finally close on January 22, was announced via an internal memo sent by TikTok CEO Shou Chew and obtained by Axios.
Once…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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