TikTok Avoids US Ban as Joint Venture Deal Officially Closes
TikTok has announced that it has finalized a deal to establish a majority American-owned joint venture, allowing the app to continue operating in the United States indefinitely. First agreed in December, the deal creates « TikTok USDS Joint Venture LLC, » which will be 80.1 percent owned by U.S. and global investors, with ByteDance retaining a 19.9 […]
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