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TikTok reaches agreements on new US joint venture with closing set for 2026

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6 hours ago

TikTok moved to end a yearslong political and legal battle on Thursday as CEO Shou Chew told staff the company signed agreements to form a new U.S. joint venture with American-led investors, with the transaction set to close Jan. 22, 2026.In an internal memo provided to FOX Business, CEO Shou Chew told employees the company has signed agreements with investors to create a new TikTok U.S. joint venture. He said the move will allow the platform to continue serving its more than 170 million users in the U.S. as part of a global community.Chew thanked employees for their work and said the company’...

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6 hours ago
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