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WASHINGTON—Backers of plans for Oracle Corp. to hitch with TikTok to create a brand new U.S. firm for the video-sharing app are engaged on a brand new possession construction aimed toward assuaging U.S. considerations over Chinese management.
Under the most recent iteration, Oracle and Walmart Inc. may collectively personal a big stake, in keeping with individuals aware of the scenario. That transfer, if mixed with present American buyers, may put majority possession in U.S. arms, the individuals mentioned.
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