2026-01-24
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Tiktok, Chinese parent ByteDance, they have closed the deal to transfer parts of their U.S.
operations to American investors, securing the app's future in the U.S.
and avoiding a shutdown, which I know is big for the Gajillions of folks that are on Tiktok.
Matthew Schuttenhelm joins us here.
media litigation analyst for Bloomberg Intelligence.
He's based down there in Washington, DC.
Matt, talk to us about this deal for TikTok.
This seems to be, I guess, probably the best outcome for certainly TikTok users.
What do you make of it?
Yeah, I think this is getting to be the end of this long lingering drama,
this big open question of how is this effective ban on this app going to play out.
This looks like a resolution that should keep TikTok continuing to operate in the United States and under a new structure that is majority owned in the U.S.