TikTok was forced to sell its US business after the short video app faced a shutdown in its biggest market. (Photo: Unsplash)

Tech giant Oracle, American private equity firm Silver Lake, and Abu Dhabi-based Emirati state-owned investment firm, MGX, will be the biggest investors in TikTok US . According to a CNBC report, the three companies will own roughly 45 per cent of TikTok USA, as per the deal brokered by the US and China.

TikTok’s parent company, ByteDance, will own 19.9 per cent, and the remaining 35 per cent will be controlled by ByteDance investors, including General Atlantic, Susquehanna, Sequoia, and new holders, the report said.

Deal to sell TikTok US

As part of the deal, the US government will not be taking an equity stake or a so-called golden share in TikTok’s US ope

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