TikTok to be controlled by US-led group including Oracle, Silver Lake and Andreessen Horowitz in proposed deal: report

Source: New York Post

President Trump’s potential deal to avoid a TikTok ban is taking shape – with several prominent US tech and investor firms set to take majority control of the China-owned app. Under the proposed terms, a group including billionaire Larry Ellison’s Oracle, Silver Lake and Andreessen Horowitz would form a new entity overseeing TikTok’s US operations, The Wall Journal reported, citing people familiar with the matter. The US group will reportedly own a combined stake of approximately 80%, with Chinese investors holding the rest.