Deal for TikTok creates U.S. joint venture, and government won't have a stake
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A new U.S.-based joint venture with investors that include Oracle and the private equity firm Silverlake will take control of the popular short video app TikTok, in a proposed deal that a senior White House official said was a compromise that met both U.S. and Chinese law.
The official, who spoke to reporters on condition of anonymity, said the U.S.
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