It looks like the long saga of whether TikTok owner ByteDance will sell the U.S. portion of its beloved social video app is about to come to a close. A new report claims that ByteDance, the Chinese owner of TikTok, is ready to divest its U.S. entity to a joint venture controlled by American investors.
According to Axios, which claims to have seen an internal memo, ByteDance and the American joint venture have a deal signed and ready to go.
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