China's ByteDance signs deal to form joint venture in step to avoid US TikTok ban

Published on December 20, 2025
The deal is a milestone for the short video app used regularly by more than 170 million Americans after years of battles that began in August 2020, when President Donald Trump first tried unsuccessfully to ban the app over U.S. national security concerns.
Financial terms of the deal, announced in an internal memo by TikTok (U.S.) seen by Reuters, were not disclosed.
Other details of the deal are in line with those outlined in September, when Trump delayed until January 20 enforcement of the law that bans the app unless its Chinese owners sell it amid efforts to extract TikTok's U.S. assets from the global platform. He also declared the deal met the terms of the divestiture requirements under a 2024 law.
The new U.S. company will be valued at around $14 billion, Vice President JD Vance said in September. That was below analysts' estimates and the final figure was not made public on Thursday.
 
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