TikTok, Presser and joint venture
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"For three years in high school, I watched Chinese movies and had this incredibly eye-opening experience,” Presser said in a 2023 interview.
The deal for a consortium of U.S. investors to acquire control of the American assets of the video platform closed Thursday.
TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.
TikTok has announced a US-based joint venture to keep the app running in America, with Adam Presser appointed as CEO
TikTok (TIKTOK) has formed a majority American-owned joint venture that will enable the video-sharing app to continue operating in the U.S., and named Adam Presser as the entity's CEO. TikTok USDS Joint Venture will operate under defined safeguards that protect national security through comprehensive data protections,