ByteDance in Podcasts
companyChinese multinational technology company specializing in internet-related services and products.
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The CEO of TikTok has announced that parent company ByteDance has signed binding agreements to create a U.S.
TikTok owner ByteDance has signed a deal to spin off its U.S.
So today we've heard the news that ByteDance, that's the Chinese company that owns TikTok, is selling 80% of US assets to a combination of people, three investors, Oracle, Silverlux and MGX, which is actually based in Abu Dhabi.
Now, ByteDance is a Chinese company.
TikTok owner ByteDance has signed a deal to spin off its U.S.
It would see TikTok's Chinese parent company ByteDance divest to less than 20 percent ownership while U.S.
And then the other one is ByteDance, who we're familiar with because of TikTok.
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