Oracle, Silver Lake & MGX main investors in TikTok U.S., sources say
ProphecyDavid Faber from CNBC said on Thursday that Silver Lake & Abu Dabi would be the main investors in MGX’s Tiktok in the US business.
Faber said that Tiktok will control about 45% of these three organizations. Tiktok’s Chinese parent Bayans will have 19.9% and the remaining 35% is in the hands of Bayat investors and new owners.
President Donald Trump will support the proposed agreement on Thursday, which will require the social media practice working in the US city of US city to disposal the American business or require the closure of two partisan support from the congress members who express national security concerns about implementation and competent content in the United States.
Last week, Trump is a executive order The postponement of the destruction date is until 16 December.
Trump is trying to keep the application alive by mentioning how important it is for the presidential victory in November. The billionaire Republican Megadonor Jeff Yass is a majoryte investor through Susquehanna, and Trump’s social media company is the owner of Social.
Sources, Faber’e told, General Atlantic, Susquehanna and Sequoia, including the new Tiktok United States is expected to add equality.
In a statement on Monday, CNBC said the agreement did not include the Federal Government Tiktok’s stock or so -called gold shares in US operations. The new joint venture will have a board of directors of the majority of American members. Prophecy It will supervise the safety operations of the application.
Trump said the conservative media baron on Sunday Rupert Murdoch And his son Lachlan Murdoch, Tiktok agreement, as well as Oracle Executive Larry Ellison and Dell Technologies CEO Michael Dell.
WRISTWATCH: Tiktok agreement should feel like nothing has changed for users
