TikTok has finalized a major restructuring of its U.S. business after its China-based parent company, ByteDance, agreed to transfer majority ownership to a newly formed American-led joint venture, a move aimed at complying with U.S. national security legislation and preventing the app from being shut down. Under the deal announced Thursday, the new entity, TikTok
TikTok has finalized a major restructuring of its U.S. business after its China-based parent company, ByteDance, agreed to transfer majority ownership to a newly formed American-led joint venture, a move aimed at complying with U.S. national security… [2572 chars]
Source: USA Herald | Published: 2026-01-23T08:08:20Z
Credit: USA Herald
