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TikTok to become standalone U.S. company: FT

FILE PHOTO: Tik Tok logo is displayed on the smartphone while standing on the U.S. flag in this illustration picture taken, November 8, 2019. REUTERS/Dado Ruvic

(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 here on Tuesday, citing people familiar with the matter.

Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta

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