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The White House says TikTok will be sold to a U.S. joint venture

After four deadline extensions to force a sale of TikTok, the U.S. is finally close to a sale agreement for the massively popular video platform, a White House official said Monday. The deal will move TikTok’s ownership to a U.S. joint venture compliant with a 2024 law forcing ByteDance, Tiktok’s corporate owner, to sell the app or else face a ban in the U.S., a senior White House official said on a call with reporters, speaking on the condition of anonymity. The official said the divestiture deal is on its way to be finalized and has been approved by the…

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