The largest U.S. investors in TikTok owner ByteDance are looking into a deal alongside Oracle (ORCL) focused on assuring President Donald Trump that the popular social media app is free from Chinese control, the Financial Times reports. Under the plan, current shareholders such as General Atlantic, Susquehanna, KKR (KKR), and Coatue will look to purchase additional interests in a spun-off TikTok U.S. business, with Oracle potentially taking a small holding in the unit and securing its data, the report says, citing multiple people familiar with the talks.
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