Here’s Who Just Bought TikTok
Several big companies and investment firms are part of the new American TikTok. Many have ties to one another and President Trump.
TikTok’s Chinese parent company, ByteDance, just spun out an American venture to operate the popular video app in the United States.
The deal, announced Thursday, is part of an effort to comply with a 2024 federal law that aimed to separate TikTok from ByteDance to address national security concerns over the app’s ties to Beijing.
Under the arrangement, non-Chinese investors will own about 80 percent of the American venture. ByteDance will keep 19.9 percent of it. The new venture will license the app’s powerful recommendation algorithm from ByteDance and have the power to moderate content on the app.
So who are the owners of U.S. TikTok?
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