TikTok Chief Executive Officer Shou Chew told employees that the company and ByteDance signed binding agreements to create a US joint venture majority-owned by American investors

TikTok has signed the deal backed by President Donald Trump to spin off its US assets to create a new entity with a group of mostly American investors, CEO Shou Chew told employees in a memo Thursday.

TikTok is nearly to the finish line to become legal in the U.S. ByteDance and TikTok have signed “binding agreements” with three managing investors: Oracle Corporation, Silver Lake and Abu Dhabi-based MGX,

TikTok's Chinese owner ByteDance has signed binding agreements with US and global investors for the majority of its business in America, TikTok's boss told employees on Thursday. Half of the joint venture will be owned by a group of investors,

TikTok and Chinese owner ByteDance signed agreements with Oracle and two other investors to form a new U.S. joint venture. Shares of the tech firm jumped on the news. CEO Shou Zi Chew told employees in a memo viewed by Barron’s that the joint venture will be 50% held by a consortium of new investors,

TikTok's U.S.. operations will be housed in a new U.S. joint venture named TikTok USDS Joint Venture LLC, according to a memo sent to employees by TikTok CEO Shou Zi Chew. Chew said in the memo, obtained by CNBC,

TikTok has signed a deal to sell its U.S. entity to a joint venture controlled by American investors, per an internal memo seen by Axios. Why it matters: A deal would end a years-long saga to force TikTok's Chinese parent ByteDance to sell the company's U.