Topic: competing bidders
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The US TikTok Deal: What You Need to Know
A deal has been signed to transfer a substantial portion of TikTok's U.S. operations to a consortium of American investors, including Oracle, Silver Lake, and MGX, which will collectively hold a 45% stake. Oracle is designated as the trusted security partner, responsible for securing a new U.S. v...
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Latest Updates on the US TikTok Deal
TikTok, owned by China's ByteDance, has faced years of U.S. scrutiny over data security concerns, leading to political tensions and service disruptions for American users. A proposed deal would transfer control of TikTok's U.S. operations to American investors like Oracle and Silver Lake, valuing...
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