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TikTok agrees to sell US unit to American-led investor group: report

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7 hours ago

TikTok moved to end a yearslong political and legal battle on Thursday as CEO Shou Chew told staff the company signed a deal to sell its U.S. unit to an American-led investor group, with the transaction set to close in January, according to reports.Axios reported that the deal ends the yearslong saga of forcing TikTok’s parent company, China-based ByteDance, to sell its operation in the U.S. to investors in the U.S., ultimately settling concerns about national security.The publication noted that an internal memo from Chew shows the agreement is scheduled to close on Jan. 22, 2026.Once signed,...

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7 hours ago
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