Politics

TikTok signs deal to spin off US business

TikTok signs deal to spin off US business

TikTok signs deal to spin off US business
TikTok on Thursday signed a deal to spin off its U.S. business, bringing to a close a months-long saga to keep the popular social media app available in the U.S. Nearly 50 percent of the assets — or 15 percent each — will be held by three American companies, Oracle, Silver Lake and MGX. TikTok’s parent…

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Author: Ashleigh Fields
Published on: 2025-12-19 17:39:00
Source: thehill.com

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