After extending the TikTok US ban deadline at least four times, the social media giant appears to be closing that chapter: a new US “joint venture” for TikTok is expected to close next month.
While TikTok’s parent company ByteDance has stayed quiet through much of the rumored sales required to keep the app running in the US, the news of a joint US venture has reportedly been confirmed by an internal memo from ByteDance CEO Shou Chew. The agreement, expected to close in January 2026, sees US-based investors take partial ownership, as well as being responsible for data protection.
