US politics
fromwww.bbc.com
22 hours agoTikTok owner signs deal to sell US business
ByteDance agreed to sell a majority stake in US TikTok to a joint venture including Oracle, Silver Lake and MGX; ByteDance will retain 19.9%, closing 22 January.
The United States and China have reached a framework agreement to transfer TikTok's ownership to US control. Officials from both countries made the announcement on Monday. list of 4 itemsend of list The short-form video app was set to be banned in the US by Wednesday if its owner ByteDance did not agree to sell the company to a US-based operation or if the US did not extend a pause of the ban, which the White House has already done three times, most recently in June.