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Euronews
Euronews
Euronews

TikTok strikes deal to keep operating in the US after months of uncertainty

TikTok United States Donald Trump ByteDance Oracle Shou Zi Chew National Security MGX Silver Lake

TikTok has signed agreements with three major investors — Oracle, Silver Lake and MGX — to form a new TikTok US joint venture, ensuring the popular social video platform can continue operating in the United States.

The deal is a milestone for the popular short ​video app used regularly by more than 170 million Americans after years of battles that began in August 2020, when President Donald Trump first tried to unsuccessfully ban the app due to its Chinese origins.

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