American investors, led by Oracle, take control of TikTok in $14 billion deal to avert U.S. ban TikTok signs binding deal to create a new U.S.-led joint venture. American investors will own 80.1% of the new independent entity. Oracle will act as the trusted security partner for U.S. user data. The agreement aims to comply with U.S. law and avert a ban. The deal concludes years of negotiation but still needs Chinese approval. After years of high-stakes political drama and national security debates, the future of TikTok in the United States is finally coming into focus. On December 18, TikTok CEO Shou Chew…

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