ByteDance, the Chinese company that owns TikTok, reached an agreement with a group of American investors so the popular social media app can remain in operation in the U.S., according to a source familiar with the negotiation.

Thursday when the video sharing sensation said it’s being bought by a group of buyers led by Oracle Corp.TikTok Chief Executive Officer Shou Chew told employees that the company and ByteDance signed binding agreements to create a US joint venture majority-owned by American investors,

The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the app's Chinese owner ByteDance signed binding agreements to form a joint venture that will hand control of operations of TikTok's U.

A new ownership structure limits ByteDance’s control, addresses US security concerns, and reduces the immediate risk of TikTok being banned in the United States.

ByteDance Ltd. is on track for profits of roughly $50 billion in 2025, capping a record year for a Chinese social media leader making major inroads into e-commerce and new markets.

TikTok's Chinese owner, ByteDance, on Thursday signed binding agreements to hand control of the short video app's U.S. operations to a group of investors, including Oracle , in a big step toward avoiding a U.

TikTok has signed an agreement to create a US joint venture under a deal brokered by President Donald Trump that leaves the app’s Chinese owner ByteDance with direct control of its core business operations in America.

(THE CONVERSATION) Chinese tech giant ByteDance has signed an agreement to sell a majority stake in its video platform TikTok to a group of U.S. investors. President Donald Trump announced a preliminary agreement for the sale on Sept. 19, 2025, following his negotiation with Chinese leader Xi Jinping.

With under-16s now excluded from many of their favourite social media apps, alternative platforms remain available, especially for bilingual teens.

TikTok’s Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the company’s US assets to American and global investors to avoid a US government ban,