The deal to secure TikTok’s future in the US has finally closed

By Clare Duffy, CNN

New York (CNN) — The joint venture acquiring TikTok’s US assets has been formally established and has announced its leadership team, according to the company, one day before the deadline set by President Donald Trump for the app’s US assets to be spun off by Chinese parent company ByteDance.

The transaction’s close concludes a yearslong effort to secure TikTok’s long-term future in the United States and address concerns that it posed a national security risk.

The US TikTok saga began when Trump...