TikTok and ByteDance have finalized a deal to transfer parts of their US operations to American investors, securing TikTok’s future in the US and avoiding a nationwide ban. The venture’s valuation is estimated at $14 billion, with TikTok’s American business worth $35 billion to $50 billion. The deal, years in the making, is a win for small businesses, big brands, content creators, and the 200 million US users who rely on TikTok for news and entertainment. Critics argue the arrangement may not fully comply with US national security laws. ByteDance will retain control over key parts of its US TikTok business.

Read more at Yahoo Finance: TikTok Seals Deal to Operate in the US After Years of Drama