Under the terms of the deal, Walmart and Oracle ORCL -0.71% would share a 20% stake in a new U.S.-based entity that will operate TikTok, with Oraclelikely getting a somewhat larger piece between those two, according to aperson familiar with the deal.
The person said that under the deal, U.S. companies and investors would havea 53% ownership—satisfying U.S. demands for the new company to be underAmerican control.
Chinese investors would have a 36% stake, with other investors largely fromEurope having 11%, this person said.
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