TikTok's Chinese owner, ByteDance, has signed binding agreements to sell the majority of its US business to a consortium of US and global investors. This deal, set to close on January 22, aims to resolve long-standing national security concerns from Washington.

• A group of investors, including Oracle, Silver Lake, and Emirati investment firm MGX, will own half of the joint venture.
• TikTok's CEO, Shou Zi Chew, confirmed the agreement, which will allow "over 170 million Americans to continue discovering a world of endless possibilities."
• ByteDance will retain 19.9% ownership, while Oracle, Silver Lake, and Abu Dhabi-based MGX will each hold 15%.