TikTok finalizes deal to form new U.S. entity to avoid ban

Source CBS Local
Original Load Date Jan. 23, 2026, 6:01 p.m.
Last Updated Jan. 23, 2026, 6:01 p.m.
Original URL https://www.cbsnews.com/chicago/news/tiktok-deal-ban-oracle/

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_Washington_ — A year after a federal law that effectively mandated a nationwide ban on TikTok went into effect, the platform announced the formation of a new U.S.-based entity to comply with the statute. TikTok [ confirmed Thursday ][10] that a joint venture made up mostly of U.S.-based investors ...