The TikTok deal is done, finally

Just over a year after it briefly disappeared from app stores, TikTok in the US is now part of a new entity, TikTok USDS Joint Venture LLC. With approval from both the US and China closing on the schedule laid out in December, ByteDance's ownership of the new joint venture is now only 19.9 percent to satisfy the terms of the divest-or-ban law signed in 2024 by President Biden. The other 80.1 percent is owned by investment firm Silver Lake, Oracle, and Abu Dhabi investment firm MGX - the three...