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TikTok deal takes shape

Oracle will provide security for the new TikTok entity in the United States, following the President Trump-backed deal to allow the social media company to keep operating in the U.S.

© Damian Dovarganes, Associated Press

The proposal will “allow Oracle, as the security provider for this new entity, to inspect it, to study how it behaves and see how it operates,” a senior White House official said.

The U.S. TikTok investment group includes Oracle and private equity firm Silver Lake, among other firms, the official said, adding that the full number of investors will be finalized before the end of the transaction.

The official expects TikTok’s parent company ByteDance will hold less than 20 percent of the equity in the U.S. operations, which complie

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