Negotiations for a deal involving TikTok's U.S. operations are reportedly nearing completion, according to sources familiar with the matter. The proposed arrangement would see TikTok's algorithm licensed to a U.S. entity owned by a mix of new and existing investors.
Breakdown
- A TikTok deal is reportedly close, according to sources familiar with the situation. 13s
- The deal would license TikTok's algorithm to a US entity owned by new and existing investors. 19s
- Oracle's servers and cloud infrastructure will continue to be used by the new entity. 44s
- The agreement is separate from broader US-China trade negotiations. 5s
- TikTok is expected to continue operations without interruption. 1m 24s