Oracle Moves Closer to TikTok Deal: ByteDance Approves [US Sale]
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TikTok's long-delayed plan to separate from its Chinese parent company ByteDance entered a new phase on Thursday. The video app announced that binding agreements for a new US joint venture have been signed, with a buyer consortium led by Oracle. In an internal memo to employees reported by several media outlets, TikTok CEO Shou Chew describes the step as good news but simultaneously tempers expectations regarding the timeline. There is still work to be done before the planned completion on January 22, 2026. The central uncertainty factor lies less...
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