💨 Abstract

TikTok has signed an agreement to sell its U.S. assets to a group of American investors, as announced by CEO Shou Chew. This move, following a 2024 law requiring TikTok to separate from its Chinese parent company ByteDance or face a U.S. ban, brings the app closer to securing its future in the United States. The transaction is not yet finalized.

Courtesy: WTOP Staff