According to an internal memo cited by Bloomberg and Axios, TikTok CEO Shou Chew told employees that the social media company as well as its Chinese owner ByteDance had agreed to the new entity, with rel=”dofollow” href=”https://economictimes.indiatimes.com/oracle-financial-services-software-ltd/stocks/companyid-3160.cms” target=”_blank”>Oracle, Silver Lake and Abu Dhabi-based MGX on board as major investors.
Oracle’s executive chairman and founder Larry Ellison is a longtime…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)