ByteDance says proposal for TikTok partnership will need both Chinese and U.S. approval

ByteDance says proposal for TikTok partnership will need both Chinese and U.S. approval

The proposal, submitted to the Trump administration over the weekend, envisages Oracle becoming a "trusted" technology partner and making TikTok Global a U.S.-headquartered company. A person with knowledge of the matter told Reuters that ByteDance is to hold majority ownership of TikTok.

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The Economic Times

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