TikTok has finalised a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years.

ByteDance says a group of investors led by Oracle, Silver Lake, and MGX will set up a U.S.-focused TikTok to avoid a federal ban.

TikTok released some information about the deal Thursday night, but it remains unclear if it complies with a 2024 law.

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that ...

TikTok said that its Chinese owner, ByteDance, had struck a deal with a group of non-Chinese investors to create a new U.S.

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The Chinese parent company of the popular video app said a group of non-Chinese investors would create an American TikTok to avoid a federal ban.

TikTok’s U.S. business may be about to take off. The scheduled completion this week of TikTok’s sale of its U.S. data ...