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TikTok, parent ByteDance form JV to transfer parts of US business to investors Oracle, Silver Lake and MGX(Soban News)

TikTok and parent ByteDance have formed a joint venture to transfer parts of TikTok’s US business to non-Chinese owners, ensuring the app’s future in the US. This deal was initiated to address national security concerns and avoid a ban on the platform.

​TikTok and parent ByteDance have formed a joint venture to transfer parts of TikTok’s US business to non-Chinese owners, ensuring the app’s future in the US. This deal was initiated to address national security concerns and avoid a ban on the platform. by Soban News (international And National News)

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