TikTok agrees to deal to cede control of US business to American investor group

The deal closes a long-running drama in which U.S. authorities have sought to compel ByteDance to divest.

The TikTok US sale is finally happening
The TikTok US sale is finally happening

TikTok has finalized a deal to sell enough of its US business satisfy the divest-or-ban law, as initially reported by Axios, The Hollywood Reporter, and CNBC. According to a memo sent from CEO Shou Zi Chew to employees (included in full below) on Thursday, they are targeting a closing date of January 22nd, 2026. Once […]