Oracle, Andreessen Horowitz consortium will control 80% of TikTok in U.S.: Report

Current users of the app will be asked to shift to a new app, which TikTok has built and is testing.

TikTok’s U.S. operations would be controlled by an investor consortium including Oracle, Silver Lake, and Andreessen Horowitz, under a framework the U.S. and China are finalizing, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.