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Gate Square New & Returning Creator Rewards are ongoing!
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JUST IN #ORCL Oracle, Silver Lake & MGX Poised to Acquire ~50% Stake in TikTok US
According to multiple sources, Oracle $ORCL private equity giant Silver Lake, and UAE‑based MGX are set to become major stakeholders in the new U.S. arm of TikTok, each potentially taking ~15% stakes.
ByteDance and its existing investors would retain the balance, with ByteDance’s share shrinking below 20% to comply with U.S. regulatory demands.