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TikTok to become standalone U.S. company: FT

FILE PHOTO: A TikTok logo is displayed on a smartphone
FILE PHOTO: A TikTok logo is displayed on a smartphone

(Reuters) - ByteDance will place short-video app TikTok's global business in a new US-headquartered company with Oracle Corp investing as a minority shareholder, the Financial times reported on Tuesday, citing people familiar with the matter.

(Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta)