The TikTok application is seen on an iPhone 11 Pro max in this photo illustration in Warsaw, Poland on September 30, 2020.NurPhoto via Getty ImagesThe latest developments in the TikTok saga mark another seismic shift in the app’s ownership and governance.Under a new proposed agreement, U.S. investors including Oracle, Silver Lake Partners and media moguls Rupert and Lachlan Murdoch would collectively own 80% of TikTok’s U.S. operations, with ByteDance retaining a minority stake of 20% or less. The Murdochs, ...