The U.S. joint venture will be 50% held by a consortium of new investors, including Oracle, Silver Lake and MGX with 15% each; 30.1% held by affiliates of certain existing investors of ByteDance; and 19.9% will be retained by ByteDance
Feels a lot like friends helping each other to pieces of a pie.
What's even more messed up is the reason why this is happening. Israel needs to take over TikTok so that it can propagandize young Americans for its own selfish ends.
The U.S. joint venture will be 50% held by a consortium of new investors, including Oracle, Silver Lake and MGX with 15% each; 30.1% held by affiliates of certain existing investors of ByteDance; and 19.9% will be retained by ByteDance
Feels a lot like friends helping each other to pieces of a pie.
What's even more messed up is the reason why this is happening. Israel needs to take over TikTok so that it can propagandize young Americans for its own selfish ends.
And they feel so secure in doing things like this they talk about it openly: https://www.youtube.com/shorts/EteAsbtWFUE
The power of free market: You are free to sell yourself or get shut down.