TikTok seals deal to launch new US entity

TikTok seals deal to launch new US entity

TikTok has finalized an agreement to create a new American entity, easing years of uncertainty and sidestepping the prospect of a US ban on the short-video platform used by more than 200 million Americans. In a statement issued Thursday, the company said it has signed deals with major investors, including Oracle, Silver Lake and Abu Dhabi-based investment firm MGX, to form a TikTok US joint...

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