TikTok Finalizes Deal to Separate US Operations Amid Security Concerns

Washington D.C. -- Following protracted negotiations with the US administration, TikTok has finalized an agreement to separate its US operations from its global business.According to TikTok, a majority stake in its US-based operations has been sold to American and international investors. Accordingly, Silver Lake, Oracle, and MGA will each acquire a 15 percent share. Additionally, Dell Family Office and Vastwater Strategic Investments are participating as investors.In a statement released by TikTok, the agreement is expected to facilitate continued use of TikTok for over 200 million American users and more than 7.5 million businesses.