for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

TikTok to become standalone U.S. company - Financial times

The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., September 15, 2020. REUTERS/Mike Blake

(Reuters) - ByteDance will place short-video app TikTok's global business in a new U.S.-headquartered company with Oracle Corp ORCL.N investing as a minority shareholder, the Financial times reported on Tuesday, citing people familiar with the matter.

Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up