Deal values TikTok US at around $14B, Axios reports

The TikTok US deal values it at just around $14B, a source confirms to Axios, Sara Fischer and Christine Wang report. Fischer and Wang note that this is an “extremely low price” given that TikTok’s U.S. entity makes roughly $14B annually in advertising revenues alone, per analyst estimates. Under the terms of the deal, Oracle (ORCL), private equity firm Silver Lake and Abu Dhabi-based investment firm MGX will collectively own 45% of the U.S. entity, which will be called “TikTok USDS Joint Venture LLC.”