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TikTok to become standalone U.S. company: FT - Metro US

TikTok to become standalone U.S. company: FT

FILE PHOTO: Tik Tok logo is displayed on the smartphone while standing on the U.S. flag in this illustration

(Reuters) – ByteDance will place short-video app TikTok’s global business in a new US-headquartered company with Oracle Corp investing as a minority shareholder, the Financial times reported https://www.ft.com/content/58eb7c26-2154-477f-af19-19157ae29261 on Tuesday, citing people familiar with the matter.

(Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta)

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