TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say

a Tik Tok deal is close. In fact, you could see something, I'm told by people familiar with the situation, as soon as the next 30 to 45 days in which you actually get the close of a Tik Tok deal in which the algorithm is licensed to a US entity that is owned by new investors and some existing investors in Bite Dance, Tik Tok's parent company right now, and then moves on. importantly and perhaps not unexpectedly as well, that entity that would continue to use the servers and the cloud infrastructure of Oracl ...