The deal keeps the app available for more than 200 million U.S. users under new data, algorithm, and content safeguards.
The popular short form video app has a new corporate structure in the United States, which could result in some changes for the 200 million Americans who use TikTok.
TikTok is now under new ownership in the US, but what happens next?
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.
TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.
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 ...
The joint venture acquiring TikTok’s US assets has been formally established and has announced its leadership team, according to the company, one day before the deadline set by President Donald Trump ...