this post was submitted on 18 Dec 2025
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TikTok reaches deal to sell US assets to American investor group (www.scmp.com)
submitted 1 day ago by rss@news.abolish.capital to c/china@news.abolish.capital
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In a landmark move that ends years of legal and political uncertainty, TikTok CEO Shou Zi Chew informed employees on Thursday that the company has signed a binding agreement to sell its US operations to a consortium of American investors. The deal, which has received the backing of President Donald Trump, effectively averts a looming nationwide ban and secures the platform’s future for its 170 million American users. The new entity, a TikTok US joint venture, is set to officially close on...

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