Oracle, Silver Lake & MGX will be main investors in TikTok U.S., sources say

In a significant move for TikTok's operations in the United States, Oracle, Silver Lake, and Abu Dhabi's MGX are poised to become the primary investors in the popular social media platform. Sources revealed to CNBC's David Faber that these three entities will collectively hold approximately 45% of TikTok USA. Meanwhile, ByteDance, the Chinese parent company of TikTok, is expected to maintain a minority stake of 19.9%. The remaining 35% will be distributed among other investors associated with ByteDance. This investment comes as President Donald Trump prepares to endorse an executive order aimed at finalizing this crucial deal, ensuring TikTok's continued presence in the U.S. market. Notably, investors backing ByteDance, such as General Atlantic, Susquehanna, and Sequoia, are anticipated to play a role in contributing equity to the newly established TikTok USA. This development marks a pivotal moment for the company as it navigates regulatory challenges and seeks to secure its future in one of its largest markets.