TikTok finalizes historic deal creating majority American-owned joint venture structure, aiming to avert potential U.S. ban affecting 200 million users nationwide.

TikTok said Thursday that it has established a new U.S. venture as part of an agreement to allow the popular social media platform to continue operating in the U.S. The deal brings to a close a lengthy saga for the app,

TikTok has agreed to sell its U.S. operations to a group of American investors including Oracle, Silver Lake, and Abu Dhabi-based MGX in a deal backed by President Donald Trump that will allow the wildly popular video app to continue operating in the ...

The deal paves the way for TikTok to escape legal peril months after a U.S. ban. Social media giant TikTok struck an agreement to put its U.S. operations under the majority control of U.S. investors, according to an internal memo sent by TikTok CEO Shou ...

A deal to spin off TikTok's US business may finally be nearing the finish line. (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images) (NurPhoto via Getty Images) Remember back in September when President Donald Trump signed an executive order ...

WASHINGTON, DC - MARCH 23: TikTok CEO Shou Zi Chew testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill on March 23, 2023 in Washington, DC. On Thursday, TikTok parent company ByteDance announced to ...