TikTok Strikes Deal for New U.S. Entity, Ending Long Legal Saga

“Investors including the software giant Oracle; MGX, an Emirati investment firm; and Silver Lake, another investment firm, will own more than 80 percent of the new venture. That list also includes the personal investment entity for Michael Dell, the tech billionaire behind Dell Technologies, and other firms, TikTok said. Adam Presser, TikTok’s former head of operations, will be the chief executive for the U.S. TikTok”