The TikTok US sale is finally happening

TikTok has finalized a deal to sell its US business to a consortium of American investors, including Oracle, Silver Lake, and MGX, to satisfy the divest-or-ban law. The joint venture will be 50% held by the new investors, 30.1% by existing ByteDance affiliates, and 19.9% by ByteDance. The transaction aims to ensure US data protection, algorithm security, content moderation, and software assurance, with Oracle as the trusted security partner.