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Us Sale

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TikTok Partners with U.S. Investors to Launch New US Operations

Originally Published 24 days ago — by PBS

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Source: PBS

TikTok has agreed to sell its U.S. operations to a consortium of American investors including Oracle and Silver Lake, with the deal expected to close by January 22. The new U.S. venture will have a majority-American board, local data storage, and oversight of content moderation, addressing U.S. security concerns and ending years of uncertainty about TikTok's future in the U.S.