TikTok Avoids US Ban With New Deal After Years of Drama

Tik Tok has avoided a nationwide ban by sealing a deal to continue its US operations. [music] The app and its Chinese parent company Bite Dance have closed a long- aaited deal to transfer parts of their US operations to American investors. The social media company has officially established a US entity with three managing investors.Oracle private equity firm Silver Lake Management and Abu Dhabi based investment company MGX. Tik Tok CEO Shou gets a [music] seat on the board. Adam Presser, who was Tik Tok's h ...