Tech industry
fromTechCrunch
1 week agoHere's what you should know about the US TikTok deal | TechCrunch
A U.S. investor consortium including Oracle, Silver Lake and MGX now owns 45% of TikTok U.S., with ByteDance retaining nearly a 20% stake.
Sir Jim Ratcliffe has sold luxury motorcycle jacket brand Belstaff to sportswear label Castore, in a further sign of the billionaire scaling back his Ineos empire outside its core chemicals business. The deal, announced on Thursday, will see Castore acquire the heritage fashion house for an undisclosed sum, while Ineos will take a minority stake in the fast-growing sportswear company, which supplies kit for England's cricket and rugby teams.