Advertisement
Canada markets open in 8 hours 39 minutes
  • S&P/TSX

    21,656.05
    +13.18 (+0.06%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • DOW

    37,753.31
    -45.66 (-0.12%)
     
  • CAD/USD

    0.7273
    +0.0009 (+0.12%)
     
  • CRUDE OIL

    82.78
    +0.09 (+0.11%)
     
  • Bitcoin CAD

    84,828.23
    -3,479.51 (-3.94%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,390.00
    +1.60 (+0.07%)
     
  • RUSSELL 2000

    1,947.95
    -19.53 (-0.99%)
     
  • 10-Yr Bond

    4.5850
    -0.0740 (-1.59%)
     
  • NASDAQ futures

    17,732.00
    +73.50 (+0.42%)
     
  • VOLATILITY

    18.21
    -0.19 (-1.03%)
     
  • FTSE

    7,847.99
    +27.63 (+0.35%)
     
  • NIKKEI 225

    38,144.11
    +182.31 (+0.48%)
     
  • CAD/EUR

    0.6807
    +0.0005 (+0.07%)
     

TikTok to become standalone U.S. company: FT

FILE PHOTO: A TikTok logo is displayed on a smartphone (Reuters)

(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)