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 Silverlake, capping off a yearslong 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 Semafor. TikTok CEO Shou Chew said in December that ByteDance had signed a binding agreement with investors...