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TikTok’s Chinese parent company, ByteDance, has finalised a deal to create a majority American-owned joint venture that will ...

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The joint venture acquiring TikTok’s US assets has been formally established and has announced its leadership team, according ...

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TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the U.S. that has been in discussion for years. The social ...

The app was due to be banned in the US a year ago if its Chinese owner hadn't sold its business in America.

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By David Shepardson WASHINGTON, Jan 22 (Reuters) - 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 ...

TikTok announced Thursday it has established a majority American-owned joint venture to operate its US business, allowing the company to avoid a ban over its Chinese ownership.

American and global investors will hold 80.1 per cent of the new entity, TikTok USDS Joint Venture LLC, while ByteDance will ...

Trump first tried to ban TikTok in 2020 following concerns about China’s collection of the personal data of US citizens. ByteDance, which operates TikTok alongside its Chinese sister app Douyin, has ...