TikTok has signed agreements with three major investors — Oracle, Silver Lake and MGX — to form a new TikTok U.S. joint venture.
Read More TikTok signs deal to form new US unit with investors, including Oracle, Silver LakeTag: Shou Zi Chew
US Supreme Court upholds law banning TikTok
The Supreme Court refused to rescue TikTok from a law that required the popular short-video app to be sold by ByteDance or banned on Sunday in the US.
Read More US Supreme Court upholds law banning TikTokFormer Treasury Secretary Mnuchin putting together investors to buy TikTok, CNBC reports
His comment comes just a day after the bill passed giving ByteDance about six months to divest the U.S. assets or face a ban.
Read More Former Treasury Secretary Mnuchin putting together investors to buy TikTok, CNBC reportsUS House passes bill to force ByteDance to divest TikTok or face ban
The U.S. House of Representatives overwhelmingly passed a bill that would give ByteDance about six months to divest the U.S. assets of TikTok or face a ban.
Read More US House passes bill to force ByteDance to divest TikTok or face ban
