Oracle, Silver Lake and MGX — to form a new TikTok U.S. joint venture, ensuring the popular social video platform can continue operating in the United States.

TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in the United States

TikTok is nearly to the finish line to become legal in the U.S. ByteDance and TikTok have signed “binding agreements” with three managing investors: Oracle Corporation, Silver Lake and Abu Dhabi-based MGX,

TikTok and Chinese owner ByteDance signed agreements with Oracle and two other investors to form a new U.S. joint venture. Shares of the tech firm jumped on the news.CEO Shou Zi Chew told employees in a memo viewed by Barron’s that the joint venture will be 50% held by a consortium of new investors,

TikTok CEO Shou Chew told employees that owner ByteDance had signed binding agreements to create a new joint venture for the app in the United States.

TikTok's Chinese owner ByteDance has signed binding agreements with US and global investors to operate its business in America, TikTok's boss told employees on Thursday. Half of the joint venture will be owned by a group of investors,

TikTok have signed binding agreements. Oracle Inc., private equity firm Silver Lake Partners LP, and Emirati-backed investment firm MGX will together own 50% of the U.S. business. Close to 30% of the joint venture will be held by “affiliates of certain existing investors in ByteDance,

The deal with Oracle, Silver Lake and MGX ends years of uncertainty about the popular video-sharing platform's fate in the U.S.