US investors, companies set to own majority stake in TikTok U.S. operations

The new company, dubbed TikTok Global, will have a majority of American directors, a U.S. chief executive and a security expert on the board. Oracle has agreed to take a 20% stake in the company when it is created and Walmart Inc is also expected to take an equity stake and have a seat on TikTok Global's board, the source said.

from News-Economic Times https://ift.tt/2RIFXHv