TikTok seals deal to operate in US
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The yearslong saga over the future of TikTok’s American operations has finally reached a conclusion. The social media platform said on Jan. 23 that its US arm has been bought by a consortium led by Oracle Corp.
TikTok said it's finalized the details of a deal bringing its U.S. operations under the control of a joint venture majority owned by American investors.
Chinese social media giant TikTok, a platform for sharing short-form videos, recently closed a major deal that will allow it to continue its American operations smoothly, according to media outlet Pop
TikTok picked an insider to lead its newly created US business, choosing an executive with deep ties to the entertainment world and history reporting up to ByteDance Ltd.’s leadership.
Ban Dodged? TikTok Strikes Last-Minute Deal With American Investors in the US
Dave Lee is Bloomberg Opinion's US technology columnist. He was previously a correspondent for the Financial Times and BBC News. As TikTok dances go, this tango has lasted much longer than a typical trend on the viral video app. It has now been 512 days ...
After almost seven years, three US presidencies and a near-total ban, ByteDance Ltd. has secured a definitive victory in its standoff with Washington.