TikTok to be controlled by US-led group including Oracle, Silver Lake and Andreessen Horowitz in proposed deal: report
1. Oracle, along with investors, may control TikTok's US operations. 2. Proposed group will own 80%, complying with US divestment law. 3. All US TikTok user data will be managed on Oracle’s servers. 4. Concerns about Chinese influence on TikTok algorithms remain unresolved. 5. Trump extends TikTok divestment law enforcement deadline to December 16.