TikTok to become standalone U.S. company: FT
Tweet
Share
E-mail
FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration
(Reuters) - ByteDance will place short-video app TikTok's global business in a new US-headquartered company with Oracle Corp investing as a minority shareholder, the Financial times reported https://www.ft.com/content/58eb7c26-2154-477f-af19-19157ae29261 on Tuesday, citing people familiar with the matter.
(Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi highlights best Gen AI stocks to own for 2027
- Oracle (ORCL) PT Raised to $210 at Morgan Stanley
- Oracle (ORCL) call put ratio 4 calls to 1 put with a focus on September 165 calls into quarter results
Create E-mail Alert Related Categories
General News, Reuters, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
