TikTok has finalized a deal to create a new American version of the app, avoiding the looming threat of a ban in the U.S.

The app was due to be banned in the US a year ago if its Chinese owner hadn't sold its business in America.

TikTok has finalised a deal with the White House that will allow the video-sharing app to continue operating in the United States, ending a years-long dispute over its Chinese ownership.

The deal came in response to a law passed by former President Joe Biden, which threatened to ban TikTok in the US if ByteDance did not sell TikTok's operations in the country.

ByteDance says a group of investors led by Oracle, Silver Lake, and MGX will set up a U.S.-focused TikTok to avoid a federal ban.

The popular short-form video platform has been subject to years of scrutiny across the political aisle in the U.S. over its ...

TikTok released some information about the deal Thursday night, but it remains unclear if it complies with a 2024 law.

TikTok announced Thursday that its China-based parent company, ByteDance, has sold its majority stake in the U.S. business rights of its social media platform to a group of non-Chinese investors.

TikTok is controlled by a Chinese parent company, ByteDance, and the wildly popular video-sharing platform faced a U.S. ban ...