China's ByteDance agrees deal to hand control of TikTok US app to new joint venture

By David Shepardson WASHINGTON/HONG KONG, Dec 19 (Reuters) - TikTok's Chinese owner, ByteDance, on Thursday signed binding agreements to hand control of the short video app's U.S. operations to a group of investors, including Oracle, in a big step toward avoiding a U.S. ban and ending years of uncertainty. The deal is a milestone for the short video app used regularly by more than 170 ​million Americans after years of battles that began in August 2020, when President Donald Trump first tried unsuccessfu ...