What to Know About the Deal Giving American Investors a Big Stake in TikTok

Group 1 - TikTok has reached an agreement to form a joint venture with American investors, granting them a controlling stake in the platform [1][2] - The joint venture will include Oracle, Silver Lake, and MGX, who will collectively own a 45% stake, while ByteDance retains a 20% stake [1][2] - The agreement is expected to close on January 22, ending a prolonged effort by the U.S. government to force a sale of TikTok due to national security concerns [2][3] Group 2 - Oracle's shares rose over 5% in extended trading following the news of the joint venture, despite previous concerns about an AI bubble and reliance on a few major clients [4] - The joint venture comes ahead of a January deadline for TikTok to comply with U.S. ownership requirements or face a potential ban [3]