TikTok’s Long-Awaited Sale Has Finally Arrived. Here’s What to Know |
The agreement has been years in the making.
BY AVA LEVINSON, NEWS WRITER
(Photo by Long Wei/VCG via Getty Images)
After years of false starts, TikTok announced a deal to sell its U.S. assets to a group of mostly American investors under a new venture. The move isn’t yet finalized, but it means the app would continue to function within the country.
CEO Shou Chew sent a memo to employees on December 18, according to CNN.
“We have signed agreements with investors regarding a new TikTok U.S. joint venture, enabling........