US Investors to Gain Control in Trump’s TikTok Deal

The US and China are finalizing a deal to restructure TikTok, with a US investor group, including Oracle and Andreessen Horowitz, holding an 80% stake, while Chinese shareholders will retain a minority interest. TikTok will create a new app using a licensed algorithm from ByteDance, and Oracle will oversee US user data, as President Trump negotiates with Chinese President Xi Jinping.

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