A White House official said the US and China have finalized a deal to spin off TikTok’s US business to a consortium led by Oracle and Silver Lake, Fox Business reported Thursday. CNN reported the joint venture has been formally established and announced its leadership team. The closing comes ahead of a January 23 deadline […]
TikTok Confirms Joint Venture to Comply With US Law
It’s D-Day for TikTok in the U.S. once again, with President Trump’s latest executive order that holds off enforcement of the “Protecting Americans from Foreign Adversary Controlled Applications Act,” which went into effect on January 19th 2025, expiring on January 23rd. At that time, according to the act, TikTok will have to cease operating in […]