TikTok Closes Deal to Sell U.S. Unit to American Consortium

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TikTok, one of the world’s largest social media platforms, has signed a deal to sell its U.S. operations to a consortium of American companies.

The new shared ownership of U.S. TikTok involves Oracle, the cloud/AI giant, the U.S. private equity firm Silver Lake, and MGX (Abu Dhabi‑

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