An Oracle-backed investor group is set to take majority control of TikTok’s U.S. operations, pending regulatory approval. Photo by Anna Moneymaker/Getty Images

A yearslong saga over the future of TikTok in America is nearing its end. The U.S. division of the popular social media app, which is owned by Chinese tech giant ByteDance, will soon be majority-owned by a coalition of U.S. investors that includes Oracle.

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