"The deal comes after a years-long tussle between Washington and Beijing that began in Trump's first term in the White House when he tried unsuccessfully to ban the app over national security concerns. The platform was due to be banned in the US in January 2025 if its Chinese owner, ByteDance, failed to sell its US operations to American investors."
"For years Washington has been pressuring TikTok to sell its US operations, citing national security concerns over its Chinese owner ByteDance. Lawmakers had expressed fears that Beijing could force the firm to hand over US users' data. Both TikTok and ByteDance have consistently denied the claim. The idea of a TikTok ban, first floated by Trump during his first term in 2020, gained momentum under Joe Biden's presidency."
"Last September, Trump announced that he had reached a deal with China to keep the app running in the US. And in December, binding agreements were signed with American and global investors to operate TikTok's business in the US, according to a memo from its chief executive Shou Zi Chew. More details of this deal were outlined in TikTok's latest announcement."
TikTok has finalised a deal that allows the short-video app to continue operating in the US. Washington pressured TikTok for years to sell its US operations, citing fears that Beijing could force ByteDance to hand over US users' data; both TikTok and ByteDance denied those claims. The idea of a ban began in 2020 and gained momentum under President Biden, who signed a law in 2024 demanding ByteDance sell TikTok or face a ban. A legal battle followed and US users experienced a 12-to-14-hour blackout in January. Binding agreements with American and global investors were signed in December, and the deal is now closed.
Read at www.bbc.com
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