TikTok announced Thursday that it has finalized a historic deal to launch a majority American-owned joint venture, a move aimed at averting a potential U.S. ban on the popular social media app.The deal marks a major milestone for TikTok, coming after years of legal and political battles that began in 2020, when President Donald Trump raised national security concerns about the Chinese-owned platform.The Joint Venture LLC, built on the foundation of the TikTok U.S. Data Security (USDS) organization, will satisfy U.S. regulatory requirements established by Trump’s executive order on Sept. 25 of...

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