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TechFlow, according to Jinshi Data, on July 8 (Beijing time), there were reports claiming that ByteDance had agreed to sell TikTok's U.S. operations to a U.S. consortium led by Oracle, retaining only a minority stake. In response, ByteDance stated that this information is false.
According to Jinshi Data, on July 8th Beijing time, it was reported that ByteDance had agreed to sell TikTok's U.S. operations to a U.S. consortium led by Oracle, retaining a minority stake. In response, ByteDance stated that the information is false.
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