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A new entity has been created that will allow ByteDance to sell a majority stake in the U.S. operations of TikTok to a group of investors outside of China, according to new reports from the New York Times and Bloomberg. It moves a deal one step closer to completion, following years of uncertainty over whether the app would be banned in the U.S., though TikTok was quick to note that this isn’t a final deal to sell the company.
The entity will be called TikTok USDS Joint Venture LLC,…
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A new entity has been created that will allow ByteDance to sell a majority stake in the U.S. operations of TikTok to a group of investors outside of China, according to new reports from the New York Times and Bloomberg. It moves a deal one step closer to completion, following years of uncertainty over whether the app would be banned in the U.S., though TikTok was quick to note that this isn’t a final deal to sell the company.
The entity will be called TikTok USDS Joint Venture LLC,…
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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