ByteDance thanked Presidents Xi and Trump on Friday, signaling that TikTok will soon spin off a U.S. version. Here’s who’s said to be involved in the deal, and how much of the venture will still be controlled by China.
ByteDance statement alludes to creation of TikTok U.S.
On Friday, a spokesperson for ByteDance, the owner of TikTok, issued a short public statement.
We thank President Xi Jinping and President Donald J. Trump for their efforts to preserve TikTok in the United States. ByteDance will work in accordance with applicable laws to ensure TikTok remains available to American users through TikTok U.S.
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