CNN.COM
'new venture'

The TikTok US deal has closed

SUMMARY

TikTok's US future is secured with the establishment of a joint venture to acquire its American assets. The deal, announced ahead of a deadline set by former President Trump, ends years of negotiations focusing on national security concerns.

The new venture will operate under strict data protections and will be led by CEO Adam Presser and Chief Security Officer Will Farrell. This structure includes oversight from various stakeholders, including TikTok US and Oracle.

While ownership shifts for enhanced security, TikTok's user experience may largely remain unchanged. The deal's approval was uncertain until finalized, especially amid ongoing US-China trade tensions.


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