TikTok closes deal to split US app from global business

TikTok has closed a deal to split its US app from the global business, resolving a long-running dispute with the US government. The deal comes after the Trump administration threatened to ban the app in the US due to national security concerns over its Chinese ownership. Under the terms of the agreement, the US operations of TikTok will be partially owned by American companies, including Oracle and Walmart. This arrangement is intended to address the US government's concerns about Chinese control over the app's user data and content moderation. The deal still requires approval from the US government, but it represents a compromise that allows TikTok to continue operating in the US market. The split of the US app from the global business is a significant move, as it could set a precedent for other Chinese-owned tech companies facing similar scrutiny in the US.