Gideon Long

The clock was ticking, but TikTok's US assets are now set to be sold.

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

I'm Gideon Long.

Good morning.

The Chinese owners of TikTok have signed a deal to sell the company's US assets to a joint venture led by American investors.

The move should enable TikTok to avoid a US government ban over its Chinese ownership, which has raised national security concerns.

Let's hear more from the BBC's Asia business correspondent, Surinjana Tiwari, who's outside the firm's headquarters in Singapore.

Hi, Surinjana.

So this is a joint venture with US investors and investors from elsewhere.

Who are they?

But at the same time, ByteDance will retain a stake of nearly 20%.

Has any value been put on this joint venture?

Do we know what it's worth?

Surinjana, thanks for joining us here on Marketplace.

Let's do the numbers.

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