Key Takeaways TikTok finally has a deal. CEO Shou Zi Chew told employees in an internal memo that Bytedance, the social media platform's Chinese parent company, has agreed to create a joint venture granting a group of American investors a controlling stake in TikTok, Axios and Bloomberg reported late Thursday. The joint venture's investors will reportedly include cloud computing giant Oracle (ORCL), private equity firm Silver Lake and Abu Dhabi-based MGX, which combined are set to own a 45% stake. Why This ...