After a long legal saga, TikTok has established a majority American-owned joint venture to operate its US business, deflecting the threat of a ban over its Chinese ownership. TikTok insists that US users will maintain a "global TikTok experience,

By David Shepardson WASHINGTON, Jan 22 (Reuters) - TikTok's Chinese owner, ByteDance, on Thursday said it has finalized a deal to establish a majority American-owned joint venture that will secure U.S.

This is your periodic reminder that TikTok could still be banned in the U.S., because as of right now, despite various assurances from the Trump administration that a deal will be done ahead of the current extension deadline, there’s been no official statement from TikTok, nor parent company ByteDance, to confirm that any such deal is in place.

The deal comes after years of battles that began when President Donald Trump tried unsuccessfully to ban the app over national security concerns.

In January 2025, the prevailing thought in Washington was that President Donald Trump‘s push to broker a deal to keep TikTok operating in the United States was nothing more than a pipe dream. The president himself had explored banning the app during his first term,

A year past the original deadline, TikTok users are celebrating after the app’s owner finalized a deal late Thursday to spin off the bulk of its U.S. business to a consortium of American investors. But there are good reasons to be skeptical of the terms.