TikTok Says It Signed Agreements for New US Joint Venture

TikTok has announced that it has signed agreements for a new U.S. joint venture, marking progress in its long-delayed plan to separate from its Chinese parent company, ByteDance Ltd. The deal involves a group of buyers led by Oracle Corp., a major U.S. technology company. The announcement comes after months of negotiations and uncertainty surrounding TikTok's future in the United States. The Trump administration had threatened to ban the app over national security concerns, citing its Chinese ownership. While the financial details of the transaction have not been disclosed, the new joint venture is expected to address the U.S. government's concerns and pave the way for TikTok to continue operating in the country. The agreement is still subject to regulatory approval, but it marks a significant step forward in the company's efforts to navigate the complex geopolitical landscape.