The Chinese-owned video app reached agreements with the software giant Oracle and two investment firms, Silver Lake and MGX, as part of a deal to keep TikTok operating in the United States.

TikTok Chief Executive Officer Shou Chew told employees that the social media company and its parent, ByteDance Ltd., signed binding agreements to create a US joint venture majority-owned by American ...

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.