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Trump Approves Deal That Brings TikTok Under US Ownership

President Donald Trump has signed an executive order approving a deal in which TikTok's U.S. application would be operated by a new joint-venture company based in the United States.

The deal, under which a group of mostly American investors take over the social media app's American business, saves the Chinese-owned TikTok from a ban in the United States.

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by Joji Xavier

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