TikTok has secured its U.S. future by reaching a deal to form a new joint venture, addressing regulatory concerns. The move aims to ensure continued operations under increased government scrutiny.
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TikTok’s U.S. operations could be acquired by a consortium including Oracle, Andreessen Horowitz, and Silver Lake, according to the Los Angeles Times, marking a potential shift amid ongoing regulatory scrutiny.
TikTok has petitioned the U.S. Supreme Court to temporarily block a law banning the app nationwide, citing concerns over user rights and business impact, as tensions rise over data security and privacy.
President Trump signed an executive order allowing TikTok to continue operating in the U.S., easing concerns over national security risks. The move aims to protect American users while addressing data privacy issues.
Former President Donald Trump announced that China’s President Xi Jinping has approved a deal to save TikTok’s U.S. operations, easing regulatory concerns and potentially averting a ban, according to reports from the Los Angeles Times.
A new deal for TikTok establishes a U.S. joint venture without the government securing a stake, aiming to address national security concerns while allowing the app to continue operating in the American market.
TikTok has returned to Apple and Google app stores in the U.S., ending a brief removal. The popular social media app is now available for download again, restoring access for millions of American users.