The parent company of TikTok has finalized a deal to divest a majority stake in its U.S. operations to non-Chinese investors, allowing the company to continue to operate in America and finally escape ...

Fox Corp., led by chairman and CEO Lachlan Murdoch, is among investors negotiating to acquire a stake in the carved-off TikTok U.S. entity. President Donald Trump revealed the Murdochs’ involvement in ...

ByteDance (BYTDC), the owner of social media company TikTok, has been barred by Chinese regulators from deploying billions of dollars worth of Nvidia(NVDA) chips in new data centers. The ban was ...

ByteDance, the parent company of TikTok, has taken a significant step to prevent the popular social media platform from being banned in the United States. The company has finalized binding agreements ...

Trump has claimed the deal meets requirements for “qualified divestiture” to avoid a TikTok ban otherwise required under the Protecting Americans from Foreign Adversary Controlled Applications Act.