Who are the owners of the new TikTok US entity?

AI Summary
To comply with U.S. law and address national security concerns, TikTok and ByteDance have created a new U.S. entity, TikTok USDS Joint Venture. This move aims to avoid a nationwide ban of the popular app, used by 200 million Americans, due to concerns over its ties to Beijing. ByteDance will retain 19.9% ownership, while non-Chinese investors will hold approximately 80%. The venture will license ByteDance's recommendation algorithm and handle content moderation. Key investors, each holding 15% of the venture, include Silver Lake, a private equity firm; Oracle; and Abu Dhabi's MGX. Silver Lake's co-CEO, Egon Durban, will be on the venture's majority-American board of directors.
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