Deal for TikTok creates U.S. joint venture, and government won't have a stake | NYGazet

The U.S. will get a copy of TikTok's prized content recommendation algorithm, and that the tech company Oracle will provide security.

A new U.S.-based joint venture with investors that include Oracle and the private equity firm Silverlake will take control of the popular short video app TikTok, in a proposed deal that a senior White House official said was a compromise that met bot... [3056 chars]