Several current US-based investors in TikTok’s Chinese parent ByteDance are reportedly looking to join Larry Ellison’s Oracle in a potential deal for the video-sharing app to soothe national security concerns –and avoid the looming ban.
General Atlantic, Susquehanna, KKR and Coatue could “acquire additional stakes” in a spun-off version of TikTok’s US business, The Financial Times reported Friday, citing multiple sources familiar with the negotiations.
The firms…
