Oracle (NYSE:ORCL) shares climbed 4% early Friday after reports that TikTok will divest its U.S. operations to a new joint venture led by U.S. investors, according to a Friday internal memo. The deal ...

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A new deal would give U.S. investors control of TikTok’s American business, easing long-running concerns over data security ...

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TikTok has moved closer to securing its future in the United States. The company has signed a deal to sell most of its US business to an American investor-led g ...

The US joint venture will be responsible for US user data protection, algorithm security, content moderation and software assurance. Sensitive American user data will be stored on US-based cloud ...

TikTok agrees to place U.S. operations under a new investor-controlled entity, with ByteDance retaining a minority stake.