TikTok agrees to sell US unit to American-led investor group: report

TikTok moved to end a yearslong political and legal battle on Thursday as CEO Shou Chew told staff the company signed a deal to sell its U.S. unit to an American-led investor group, with the transaction set to close in January, according to reports. Axios reported that the deal ends the yearslong saga of forcing TikTok’s parent company, China-based ByteDance, to sell its operation in the U.S. to investors in the U.S., ultimately settling concerns about national security.The publication noted that an interna ...