Sept 25 (Reuters) - A group of three investors,
including Oracle and private-equity firm Silver Lake,
will take a roughly 50% stake in TikTok U.S., a source familiar
with the deal said on Thursday.
A group of existing shareholders in TikTok's Chinese parent,
ByteDance, will hold a roughly 30% stake, the source said. Among
ByteDance's current investors are Susquehanna International
Group, General Atlantic and KKR.
Given intense investor interest in TikTok, the 50% stake
may still shift, the source noted.
Oracle and Silver Lake did not immediately respond to a
Reuters request for comment.
U.S. President Donald Trump is expected to sign a TikTok
deal later on Thursday that would divest the app's U.S.
operations from ByteDance, ending months of uncertainty over its
future in the country.
The agreement on TikTok's U.S. operations includes ByteDance
appointing one of seven board members for the new entity, with
Americans holding the other six seats, a senior White House
official said on Saturday.
ByteDance would hold less than 20% in TikTok U.S. to comply
with requirements set out in a 2024 law that ordered it shut
down by January 2025 if its U.S. assets were not sold by its
China-based owner ByteDance.
CNBC reported earlier that Abu Dhabi-based MGX, Oracle
and Silver Lake are poised to be the main investors in TikTok
U.S. with a combined 45% ownership, citing sources.
MGX did not immediately respond to a Reuters request for
comment on the CNBC report.
MGX is an artificial intelligence investment firm and a
partner of Silver Lake, and falls under the purview of Sheikh
Tahnoon bin Zayed Al Nahyan, the United Arab Emirates' national
security adviser and brother of the President Mohamed bin Zayed
Al Nahyan.