The latest TikTok twist: plans for a standalone company?
Posted on: 16 septembre 2020, by : Stuart Dredge

The deadline is approaching for TikTok to be sold, shut down, or find an alternative solution that satisfies President Trump’s administration. After tech firm Oracle said it was part of a proposal submitted to the administration as a “trusted technology provider”, more details have emerged of the plan.
“ByteDance will place TikTok’s global business in a new US-headquartered company with Oracle investing as a minority shareholder,” reported the Financial Times. “As part of the proposal, Oracle will have a stake in the whole of TikTok and not just the US operations.”
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Source: Music ally

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