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TikTok U.S.: New TikTok U.S. Joint-venture Signed Under Binding Deal

TikTok U.S.: New TikTok U.S. Joint-venture Signed Under Binding Deal
Tiktok’s Chinese owner, Bytedance, has signed binding agreements with major investors to create a new U.S-based joint venture to run TikTok’s American operations. The move is aimed at avoiding a U.S. Government ban that threatened to shut the app down unless Bytedance divested control.