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Majority stake in TikTok’s U.S. business sold ahead of divest

TikTok announced Thursday that its China-based parent company, ByteDance, has sold its majority stake in the U.S. business rights of its social media platform to a group of non-Chinese investors.

Jan. 22 (UPI) — Following years of wrangling and political uncertainty, TikTok announced Thursday that its China-based parent company, ByteDance, has sold its majority stake in the U.S. business rights of its social media platform to a group of non-… [4336 chars]

Source: UPI News | Published: 2026-01-23T03:50:11Z

Credit: UPI News

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