TikTok has signed the deal backed by President Donald Trump to spin off its US assets to create a new entity with a group of mostly American investors, CEO Shou Chew told employees in a memo Thursday.

The deal means that TikTok, the fast-growing social video platform that upended the strategies of competitors like YouTube ...

The Chinese-owned video app formalized commitments from the software giant Oracle and two investment firms as part of a deal ...

The deal, set to close on Jan. 22, will end years of efforts to force the app's Chinese parent company ByteDance to divest its US business.

TikTok has signed a deal to sell its U.S. operations to a group of investors led by Larry Ellison, the billionaire ally of Trump whose family media and entertainment empire just got bigger.

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Vikki Velasquez is a researcher and writer who has managed, coordinated, ...

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