TikTok announced on Thursday it had finalized a deal to create a majority American-owned entity, avoiding the looming threat of a ban in the United States that has been in discussion for years over its Chinese ownership.
The social video platform company now used by more than 200 million Americans signed agreements with major investors including Oracle, Silver Lake and the Emirati investment firm MGX to form the new TikTok U.S. joint venture.
The new version will operate under "defined safeguards that protect national security t
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