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new joint venture company

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2025-09-25
NBC News 20 related

Trump plans to sign a TikTok deal on Thursday; source: TikTok US would be run by a new joint venture company, with ByteDance holding less than 20% of its stock

This structure will comply with a bipartisan law passed in 2024 that sought to ban TikTok if the platform were not sold to U.S.-based owners this year.

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