Deal to secure TikTok’s future in the US has finally closed
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A number of investors are competing for the opportunity to purchase the app, and if a deal were to go through, the platform's U.S. business could have its valuation soar to upward of $60 billion.
TikTok released some information about the deal Thursday night, but it remains unclear if it complies with a 2024 law.
TikTok and other China-linked apps dominated U.S. app downloads in 2025, defying mounting political pressure, trade restrictions and national security scrutiny.
TikTok has sucked up countless hours of teenagers’ lives. But it has kept plenty of politicians awake past their bedtime, too. Ever since the short-video app launched nearly a decade ago, Western governments have suspected it of being a tool of the Chinese Communist Party.