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Opening eye is reportedly trying to raise $100 billion at an $830 billion valuation.

My name is Amaran Jake, and your Saturday Daily Crunch starts right now.

TikTok's reached a deal to seed a substantial portion of its U.S. operation to a group of American investors,

thus ending a years-long tussle in which the federal government has sought to force the platform to do just that.

The new partnership is described as a new TikTok U.S. joint venture in an internal memo from Bight-Dent CEO's show Chu, which was viewed by TechCrunch.

That arrangement will see major American investors take over significant control of the U.S.-based business.

The newly formed investor group includes Cloud Giant Oracle, the tech-focused private equity firm Silver Lake, and

MGX, an Abu Dhabi-based investment firm focused on AI. Together, those companies will own 45%

of the U.S. operation, while Bight Dance retains a nearly 20% share, the memo states. The new

entity formed by this partnership has been dubbed TikTok USDS Joint Venture LLC.

Opening Eisen talks to raise up to $100 billion in a funding round that could value the

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