TikTok Closes Deal to Split US App from Global Business
TikTok has finalized an agreement that will allow the popular short-video app to continue operating in the United States, the company announced on Thursday. The deal concludes a years-long dispute between Washington and Beijing that began during Donald Trump's presidency when he unsuccessfully attempted to ban the app due to national security concerns, according to BBC sources.
The agreement averts a potential ban that was scheduled to take effect in January 2025, which would have prohibited TikTok's operation in the US if its Chinese owner, ByteDance, did not divest its US operations to American investors. Former President Trump had repeatedly postponed the enforcement of this ban.
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