TikTok Seals Deal to Operate in the US
Bloomberg Intelligence Media Litigation Analyst Matthew Schettenhelm discusses the latest in the ongoing TikTok saga. TikTok and its Chinese parent ByteDance Ltd. have closed a long-awaited deal to transfer parts...
By Bloomberg Markets · Bloomberg Markets
Bloomberg Intelligence Media Litigation Analyst Matthew Schettenhelm discusses the latest in the ongoing TikTok saga. TikTok and its Chinese parent ByteDance Ltd. have closed a long-awaited deal to transfer parts of their US operations to American investors, securing the popular video app’s future in the US and avoiding a nationwide ban.