BRIEF-TikTok Has Signed Deal To Sell Its U.S. Entity To Joint Venture Controlled By American Investors- AxiosDec 18 (Reuters) -
TIKTOK HAS SIGNED A DEAL TO SELL ITS U.S. ENTITY TO A JOINT VENTURE CONTROLLED BY AMERICAN INVESTORS- AXIOS
THE TIKTOK AGREEMENT IS SET TO CLOSE ON JANUARY 22 - AXIOS
ORACLE, SILVER LAKE AND ABU DHABI-BASED MGX WILL COLLECTIVELY OWN 45% OF TIKTOK'S U.S. ENTITY - AXIOS
NEARLY ONE-THIRD OF THE TIKTOK US WILL BE HELD BY AFFILIATES OF EXISTING BYTEDANCE INVESTORS, AND NEARLY 20% WILL BE RETAINED BY BYTEDANCE - AXIOS
Source text: https://tinyurl.com/28pm6hvm
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((Reuters.Briefs@thomsonreuters.com;))
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