The app was due to be banned in the US a year ago if its Chinese owner hadn't sold its business in America.
The deal will be finalized this week
The deal avoids the threat of the popular app being banned in the U.S. over national security concerns.
TikTok annuncia di aver finalizzato l'accordo per la cessione delle sue attività negli Stati Uniti a investitori non cinesi, aprendo di fatto un nuovo capitolo per la popolare app…
The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX.
Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX
New joint venture will run operations a year and a half after Congress voted to ban the social media app unless it was sold
TikTok announced Thursday that its China-based parent company, ByteDance, has sold its majority stake in the U.S. business rights of its social media platform to a group of…
It is a challenge for TikTok's parent company ByteDance as well as global ambitions for other Chinese tech companies.
TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now…
While TikTok's future in the US has been secured, questions remain about exactly what changes US users will see.
TikTok and other China-linked apps dominated U.S. app downloads in 2025, defying mounting political pressure, trade restrictions and national security scrutiny.
It comes after TikTok faced years of intense scrutiny in the US due to concerns about user data privacy.
Users reported their struggles using social app TikTok days after the company was set up as a majority American-owned joint venture to avoid a US ban.