(THE CONVERSATION) Chinese tech giant ByteDance has signed an agreement to sell a majority stake in its video platform TikTok to a group of U.S. investors. President Donald Trump announced a ...
Many had worried that the app might disappear after the Supreme Court upheld a ban on the platform due to national security concerns raised by President Trump in 2020.
TikTok has signed the deal backed by President Donald Trump to spin off its US assets to create a new entity with a group of mostly American investors, CEO Shou Chew told employees in a memo Thursday.
TikTok CEO Shou Chew told employees of the social media app Thursday that its owner, China’s ByteDance, has signed binding ...
TikTok agreed to a new joint venture that will be controlled by American investors, according to reports Thursday.
TikTok's new US joint venture will hand over national-security related tasks to its partners, while ByteDance holds onto key ...
Oracle, Silver Lake, and Abu Dhabi’s state-owned investment firm MGX each plan to take a 15% stake. ByteDance will retain ...