Ban Dodged? TikTok Strikes Last-Minute Deal With American Investors in the US

Key Highlights

• TikTok establishes a joint venture to comply with U. S. national security laws.
• The joint venture is majority-owned by American investors including Oracle and Silver Lake.
• The deal allows TikTok to operate in the U. S., serving over 200 million users.
• ByteDance, TikTok's parent company, will lease a copy of its content algorithm to the U. S. entity.
• This agreement was necessary to avoid a ban following a law passed by Congress.