TikTok Seals Deal to Create US Venture With Oracle, Silver Lake

As part of the deal, originally announced by the Trump Administration in September, some parts of TikTok will be spun out into a newly created US entity with three managing investors: Oracle Corp., private equity firm Silver Lake Management LLC, and Abu Dhabi-based investment company MGX. A TikTok sale concludes a yearslong geopolitical and regulatory tug-of-war that, for half a decade, has threatened to shut down TikTok in the US over national security concerns.