The details are still emerging and the deal is not completely final. There are also still lingering questions about whether TikTok users are going to accept the final app.

Social media giant TikTok struck an agreement to put its U.S. operations under the majority control of U.S. investors, according to an internal memo sent by TikTok CEO Shou Chew and obtained by ABC News. The move paves the way for the China-based platform to escape legal peril months after a ban was set to rid it from app stores.