TikTok, US
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From China’s discovery of Asia’s largest undersea gold deposit to TikTok’s deal on a new US venture, here’s a round-up from today’s coverage.
2don MSN
TikTok’s Long-Awaited U.S. Joint Venture Deal To Finally Close Next Month, CEO Memo Confirms
TikTok CEO Shou Chew says the long-awaited creation of a joint venture to oversee the U.S. part of the China-based video platform will happen in January.
TikTok CEO Shou Chew told employees of the social media app Thursday that its owner, China’s ByteDance, has signed binding agreements to create a joint venture for the app in the United States, as agreed to in a deal with the Trump administration.
A new U.S.-based joint venture would keep TikTok online while handing oversight of its algorithm and data security to some of America’s wealthiest investors.
The owner of TikTok has agreed to create a joint venture that will make the popular social media app majority-owned by American investors.
Dec 18 (Reuters) - TikTok has signed a deal to sell its U.S. entity to a joint venture controlled by American investors, Axios reported on Thursday, citing an internal memo. Copyright 2025 Thomson Reuters.
Since October, there has been no formal word on a deal between the Trump administration and China over the app.
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