TikTok finalizes historic deal creating majority American-owned joint venture structure, aiming to avert potential U.S. ban ...

WASHINGTON, Jan 22 (Reuters) - TikTok's Chinese owner, ByteDance, finalized a deal on Thursday to set up a majority American-owned joint venture company to avoid a U.S. ban on the popular social media ...

The TikTok USDS Joint Venture LLC will cater to more than 200 million users and 7.5 million businesses, securing user⁠ data, apps and algorithms through data privacy and cybersecurity measures, ...

The deal ends a six-year long political saga that that started in 2020 when President Donald Trump tried to ban the app over national security concerns during his first term.

The deal comes after years of battles that began when President Donald Trump tried unsuccessfully to ban the app over national security concerns.

A year ago, a law that effectively banned TikTok in the U.S. went into effect, though President Trump has not enforced it.

Popular social media app TikTok has reached a deal that prevents it from being banned in the United States. TikTok’s ...

TikTok CEO Shou Chew sent a memo to staff celebrating the "good news" that the company had finalized a deal to keep its business operating in the US.

TikTok owner ByteDance has finally struck a deal to sell its US operations to a consortium of non-Chinese investors, which will make it possible for the app to avoid a US ban.

TikTok’s Chinese owner, ByteDance, on Thursday said it has finalized a deal to establish a majority American-owned joint venture that will secure U.S. data, to avoid a U.S. ban on the short video app ...