TikTok Finalizes Deal to Create New US Entity And Avoid Ban

TikTok Finalizes Deal to Create New US Entity And Avoid Ban

TikTok US Deal Finalized to Avoid Ban In a landmark move ending years of political uncertainty, TikTok has officially finalized a deal to create a new U.S.-based entity that will keep the app operating in America. The agreement—struck between parent company ByteDance and a coalition of non-Chinese investors—establishes TikTok USDS Joint Venture LLC, a majority American-owned company designed to address longstanding national security concerns. This resolution comes after a six-year saga that began in 2020 when former President Donald Trump first attempted to ban the app over fears about data privacy and foreign influence. Credit: Artur Widak/NurPhoto / Getty Images For millions of American users, creators, and businesses who rely on TikTok daily, this deal ensures continuity—and potentially a new chapter of trust. How the TikTok US Deal Works The newly formed TikTok USDS Joint Venture LLC will be majority-controlled by U.S. investors, with ByteDance retaining a minority stake. Three major b…