Trump has claimed the deal meets requirements for “qualified divestiture” to avoid a TikTok ban otherwise required under the Protecting Americans from Foreign Adversary Controlled Applications Act. However, questions remain, as lawmakers have not yet analyzed the terms of the deal to determine whether that’s true.

Add Yahoo as a preferred source to see more of our stories on Google. Social media giant TikTok struck an agreement to put its U.S. operations under the majority control of U.S. investors, according to an internal memo sent by TikTok CEO Shou Chew and ...

TikTok has agreed to sell its U.S. operations to a group of American investors including Oracle, Silver Lake, and Abu Dhabi-based MGX in a deal backed by President Donald Trump that will allow the wildly popular video app to continue operating in the ...

TikTok inked a deal to sell its U.S. entity to a joint venture group with several American investors on Thursday, CEO Shou Zi Chew said in an internal company memo. The deal follows months of the Trump administration attempting to reach an agreement with ...

Richard Escobedo covers economic policy at CBS News and is a coordinating producer at Face the Nation with Margaret Brennan. He joined CBS in 2018 and is a graduate of Texas Christian University in Fort Worth, Texas. Washington — TikTok has signed a deal ...

A deal to spin off TikTok's US business may finally be nearing the finish line. (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images) (NurPhoto via Getty Images) Remember back in September when President Donald Trump signed an executive order ...

WASHINGTON, DC - MARCH 23: TikTok CEO Shou Zi Chew testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill on March 23, 2023 in Washington, DC. On Thursday, TikTok parent company ByteDance announced to ...