ByteDance. the China-based owner of TikTok, is expected to receive a licensing fee of on all revenue generated from making TikTok’s algorithm available to the U.S. operating entity as well as a share of the profit in proportion to its equity stake, Bloomberg reports, citing people familiar with the matter. ByteDance will likely get 50% or more of the overall profit of TikTok’s U.S. operations after its new owners take control, sources told Bloomberg. The U.S. consortium, which is likely to include Oracle (ORCL), Silver Lake Management and MGX, and existing investors would share the remaining profit, Bloomberg adds.
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