TikTok agrees to US investment deal

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Tik Tok stock photo 4

Edgar Cervantes / Android Authority

TL;DR

  • TikTok has agreed to the plan that would see it divest ownership of US operations to a new group of investors.
  • The final deal could close by as soon as January 26.

Remember how TikTok is such a huge threat to the United States that it was immediately, permanently banned it’s still on half of our phones? Despite its seeming unwillingness to follow through on threats against TikTok in any meaningful way, the current US administration has instead been pitching…



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TikTok agrees to US investment deal


Tik Tok stock photo 4

Edgar Cervantes / Android Authority

TL;DR

  • TikTok has agreed to the plan that would see it divest ownership of US operations to a new group of investors.
  • The final deal could close by as soon as January 26.

Remember how TikTok is such a huge threat to the United States that it was immediately, permanently banned it’s still on half of our phones? Despite its seeming unwillingness to follow through on threats against TikTok in any meaningful way, the current US administration has instead been pitching…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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