The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX.
Now that the United States has control of the social media sensation TikTok, many users are deleting their accounts in protest.
The deal avoids the threat of the popular app being banned in the U.S. over national security concerns.
TikTok signed agreements with major investors including Oracle, Silver Lake and MGX to form a new American entity.
The deal ends a six-year long political saga that that started in 2020 when President Donald Trump tried to ban the app over ...
The deal keeps TikTok available for 200 million users across the U.S.
TikTok is facing a fresh backlash in the United States after restructuring its ownership under a new US-led joint venture.
The potential outage comes days after TikTok finalized a deal to create a new American entity, avoiding the threat of a ban in the United States that h ...