Oracle, Silver Lake, and Abu Dhabi’s state-owned investment firm MGX each plan to take a 15% stake. ByteDance will retain ...

The moves are being made so that the popular app can continue operating in the US.

TikTok CEO Shou Chew told employees of the social media app Thursday that its owner, China’s ByteDance, has signed binding ...

In a memo to staff reviewed by Reuters, TikTok CEO Shou Zi Chew confirmed that all US data “will be stored in a trusted and ...

TikTok has reached a deal to cede a substantial portion of its U.S. operation to a group of American investors, thus ending a ...

The agreement aims to resolve a yearslong standoff between the popular social media platform and the U.S. government over national security concerns tied to China's parent company, ByteDance.

The deal, set to close on Jan. 22, will end years of efforts to force the app's Chinese parent company ByteDance to divest its US business.

TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting ...

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 said Thursday that it signed an agreement to form a U.S. joint venture that is majority-owned by U.S. investors and would oversee its U.S. operations.

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President Donald Trump has postponed the ban on TikTok five times this year. The clock is still ticking for TikTok. You've ...