Related News

According to JAXA, the entire flight lasted about 40 seconds. Japan has taken a significant step towards developing reusable rocket technology after its space agency successfully carried out the first

Archaeologists have deciphered a 1,700-year-old inscription at an ancient Roman temple in Turkey that offers rare written evidence of the shift from Mithraism to Christianity during the Roman period.The inscription

Photographic view during the Static Test of SOLVE-ST01 NEW DELHI: The Indian Space Research Organisation (ISRO) has successfully conducted the first ground test of the solid motor for its Sub-Orbital

Astronomers have detected light from a tiny but powerful galaxy that existed when the universe was still emerging from a vast fog of hydrogen gas. The discovery, made using the

Photo credit: PIB NEW DELHI: Indian Railways has approved running India’s first indigenous hydrogen fuel-cell-based train on the Jind-Sonipat section of the Northern Railway, entering the elite club of nations

The National Science Foundation on Thursday reversed a decision to dismantle a sprawling ocean monitoring network after vigorous objections from Democratic lawmakers and scientists who rely on it to track

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Oracle, Silver Lake & MGX will be main investors in TikTok U.S., sources say

Word Count: 178 | Estimated Reading Time: 1 minute


Oracle, Silver Lake & Abu Dhabi’s MGX will be main investors in TikTok’s U.S. business, sources told CNBC’s David Faber on Thursday. 

Those three entities will control roughly 45% of TikTok USA, Faber reported. ByteDance, TikTok’s Chinese parent, will own 19.9%, with the remaining 35% in the hands of ByteDance investors.

President Donald Trump will sign an executive order on Thursday backing the proposed deal that will keep the social media app running in the U.S. ByteDance has faced an ultimatum under a federal law requiring it to either divest the platform’s American business or be shut down in the U.S. That law passed with bipartisan support from members of Congress who expressed national security concerns about the app and its potent content algorithm.

Trump has been trying to keep the app afloat, repeatedly mentioning how important it was to his victory in November.

Backers of ByteDance, including General Atlantic, Susquehanna and Sequoia, are expected to contribute equity in the new TikTok USA, sources told Faber.

This is breaking news. Please refresh for updates.



Source link

Most Popular Articles