TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say
Sources, CNBC’den David Faber’e told, social media platform Tiktok’un new investors, as well as the platform’s Chinese parent company will include existing investors.
During the CNBC’s “Squawk on the street” on Tuesday, “this thing was written in capital and how big it was seen.” He said. “In fact, I hear that the existence will be relatively small in terms of the real size of the controls written for him, and at one point there will be nothing to open to the public.”
According to sources that want the negotiations not to be named because the details are hidden, the agreement is expected to close within the next 30 to 45 days. As part of the agreement, Prophecy Faber said that the cloud would continue its agreement with the platform.
New details about the agreement said that the US Treasury Secretary Scott Bessent said on Monday that the US and China have reached a “frame” agreement for Tiktok.
Tiktok’s future in the United States has been uncertain since 2024, when the Chinese owner of the Congress had given up the platform unless he gave up his slope. MPs worried that the Chinese government could access sensitive data from American users or manipulated the content on the platform.
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