Home / Business and Economy / TikTok US Deal Signed, Sale on Track for Jan. 22
TikTok US Deal Signed, Sale on Track for Jan. 22
19 Dec
Summary
- TikTok's CEO has signed the divestment deal for US operations.
- The sale of US assets is scheduled to finalize on January 22.
- Employees were informed that the transaction remains on schedule.
TikTok's CEO Shou Chew has officially signed the agreement to divest the platform's United States assets, marking a crucial advancement in its efforts to continue operating within the country. This development was communicated to employees through a memo earlier today.
The signed deal is now on track for a definitive closing date of January 22. This timeline indicates a significant push to finalize the transaction with a group of American investors who are set to acquire TikTok's stateside operations, as mandated by a Trump-backed agreement.
This move brings TikTok one step closer to resolving the regulatory uncertainties it has faced in the US. Employees have been assured that the process is proceeding as planned, with the expected closure date providing a clear target for the transition.
