Oracle, Silver Lake, MGX Weigh 45% TikTok Stake, Board Seats
According to the article, Oracle Corp., Silver Lake Management LLC, and the Abu Dhabi-based investment company MGX are in talks to acquire a 45% stake in the US version of TikTok. The potential deal would also grant the investors board seats in the new venture. The negotiations come as TikTok's parent company, ByteDance, faces a deadline to sell the app's US operations or risk a ban in the country. The Trump administration has raised national security concerns about TikTok's Chinese ownership and is pressuring ByteDance to divest the app's American assets. The article does not provide details on the potential valuation of the deal or the timeline for its completion. However, it suggests that the involvement of established tech and investment firms could help address the US government's concerns about TikTok's Chinese ownership and pave the way for the app's continued operation in the country.
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