TikTok Forms U.S. Joint Venture with American Investors
TL;DR Summary
ByteDance has formed a joint venture to operate TikTok's US app, with American and global investors holding an 80.1% stake and ByteDance retaining 19.9%, aiming to address US national security concerns and avoid a ban, while questions about ByteDance's ongoing role remain.
- China's ByteDance signs deal to form joint venture to operate TikTok US app Reuters
- TikTok has signed the deal to spin off its US entity with American investor group CNN
- TikTok signs deal to form new US unit with American investors, including Oracle, Silver Lake ABC News
- TikTok Says It Signed Agreements to Create New US Joint Venture Bloomberg.com
- Scoop: TikTok signs deal for U.S. unit after yearslong saga Axios
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