YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
TikTok has completed the deal to spin off its U.S. operations in order to keep operating in the country.
The new U.S. joint venture includes 15% stakes owned by Oracle, UAE-based MGX and tech investment firm Silver Lake. ByteDance, the company's Chinese parent company, retains a 19.9% stake in the venture.
"I am so happy to have helped in saving TikTok! It will now be owned by a group of Great American Patriots and Investors," President Donald Trump said on social media.
Read more from ABC News.
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