A White House official said the US and China have finalized a deal to spin off TikTok’s US business to a consortium led by Oracle and Silver Lake, Fox Business reported Thursday. CNN reported the joint venture has been formally established and announced its leadership team.
The closing comes ahead of a January 23 deadline created by Trump’s September executive order, which set a 120-day enforcement pause on the divest-or-ban law.
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The joint venture has been formally established and announced its leadership team. TikTok said Adam…

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