Oracle and Silver Lake also hold 15% stake in the majority American-owned joint venture which will secure data; ByteDance retains 19.9% ownership ...

The idea was to prevent Chinese control of the app for US users, but the deal gives 15% of the new venture to another foreign ...

Abu Dhabi's MGX has emerged as one of the key players funding the AI boom. MGX is part of an investor consortium, which includes Nvidia, MIcrosoft and Elon Musk's xAI, that has agreed to purchase ...

Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX ...

TikTok has finalized a deal to sell parts of its US business. Oracle, Silver Lake, MGX, and Michael Dell are part of the ...

MGX, a state-backed Abu Dhabi fund, has surfaced in two of the most scrutinized deals in Donald Trump’s second term—it’s reportedly set to take a stake in TikTok’s U.S. business and used a ...

TikTok has made changes to its terms and conditions, and privacy policies for U.S. users, which include expanding its ability ...

TikTok is facing a fresh backlash in the United States after restructuring its ownership under a new US-led joint venture.

The U.S. and China have both signed off on TikTok’s long-awaited divestment deal, clearing way for the popular social media ...