TikTok's Long-Awaited U.S. Joint Venture Deal To Finally Close Next Month, CEO Memo Confirms
In a memo to employees TikTok CEO Shou Chew said Thursday the long-awaited creation of a joint venture to oversee the U.S. part of the China-based video platform is finally about to close. The JV will take effect on January 22, Chew said. Axios first reported on the memo, whose contents were confirmed to Deadline by a person familiar with the separation process. The transaction, set in motion by a Congressional order that survived an appeal to the U.S. Supreme Court, will force China’s ByteDance to sell th ...