ByteDance Sells TikTok's U.S. Unit

ByteDance, TikTok's parent company, has sold its U.S. operations to a joint venture controlled by American investors. This deal aims to resolve national security concerns and allow the app to continue operating in the United States.

ByteDance, the company that owns TikTok, has reached a deal to sell its U.S. unit to a joint venture controlled by American investors, including the UAE's Mubadala. This marks a significant step in resolving the legal and political challenges the app has faced in the U.S. market.

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