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TikTok agrees to deal to cede control of US business to American investor group

TechCrunch · Lucas Ropek · last updated
The deal closes a long-running drama in which U.S. authorities have sought to compel ByteDance to divest.

Related Knowledge Center: The TikTok ban

State of Play

The U.S. Congress passed and President Joe Biden signed into law a measure banning TikTok if it weren’t sold by its Chinese ownership. But now-President Donald Trump gave the service a reprieve, and a sale of its U.S. operations appears imminent.

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