TikTok has completed the deal to sell its American division
According to the news agency Bloomberg, in the new structure, investors including Oracle, Silver Lake, and MGX will own 50% of the shares of American TikTok. The remaining shares will be distributed as follows: 30.1% will remain with the current investors of ByteDance, and 19.9% will be controlled by ByteDance itself. According to the agency's information, the involvement of American investors will improve content moderation on the TikTok platform and ensure the protection of user data