The Verge : Posts from this topic will be added to your daily email digest and your homepage feed.

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The US version of TikTok is now under the control of Larry Ellison’s Oracle and a number of investment firms.

The US version of TikTok is now under the control of Larry Ellison’s Oracle and a number of investment firms.

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TikTok is officially under new ownership in the US, and that could spell big changes for the video-sharing app. On January 22nd, ByteDance – TikTok’s Chinese parent company — and a group of investors closed a $14 billion deal to spin off the platform’s US operations, introducing a new slate of American executives.