TikTok agrees to US investment deal that’s definitely, eventually, probably going to happen
- TikTok has agreed to the plan that would see it divest ownership of US operations to a new group of investors.
- The final deal could close by as soon as January 26.
Remember how TikTok is such a huge threat to the United States that it was immediately, permanently banned it’s still on half of our phones? Despite its seeming unwillingness to follow through on threats against TikTok in any meaningful way, the current US administration has instead been pitching a capitulatory framework that would see the service’s US operations transferred to a group of American investors. And now TikTok is signing off — on the idea of that, at least.
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