India, Jan. 23 -- The US and China have signed off on a deal to sell TikTok's US business to a consortium of mostly US investors led by Oracle and Silver Lake, reports said on Thursday, capping off a years-long battle between the social media app and the two superpowers. The deal - outlined by the chief executive of TikTok parent ByteDance in an internal memo last month - is set to close this week, people familiar with the matter told news website Semafor. The new structure leaves ByteDance with just under 20% of the US business, with 15% stakes going to Oracle, Silver Lake and MGX, a state-owned investment firm in the UAE focused on AI. Other investors include Susquehanna, Dragoneer and DFO, Michael Dell's family office, Semafor reported. P13...