Published on 16/09/2020 11:00:05 AM | Source: Reuters

TikTok to become standalone U.S. company - Media

Posted in Top Stories| #World Market #Tik Tok

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ByteDance will place short-video app TikTok's global business in a new U.S.-headquartered company with Oracle Corp investing as a minority shareholder, the Financial times reported on Tuesday, citing people familiar with the matter.

(Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta)