The owner of TikTok has agreed to create a joint venture that will make the popular social media app majority-owned by American investors.

TikTok's owner, ByteDance, has signed to form a joint venture with investors to avoid the US ban.According to a Thursday, December 18, memo sent by chief executive Shou Zi Chew, half of the joint venture will be owned by a group of investors,

TikTok signed an agreement to sell its American operations to a new American-led joint venture in a move to secure the app’s future in the US, according to a memo by CEO Shou Chew to employees, media reports said Thursday. The transaction, which has not ...

TikTok has agreed to a joint venture with major investors, including Oracle, to establish a new US-based entity. This move aims to comply with a US law mandating the sale of its American operations or a shutdown,

ByteDance, TikTok's owner, has reached an agreement with major investors to form a joint venture for operating TikTok in the U.S., aiming to prevent a government ban. The deal involves investors like Oracle and Silver Lake,

A billionaire investor keen on buying TikTok's US operations has told the BBC he has been left in limbo as the latest deadline for the app's sale looms. The US has repeatedly delayed the date by which the platform's Chinese owner, ByteDance, must sell or be blocked for American users.