TikTok has finalised a deal with the White House that will allow the video-sharing app to continue operating in the United States, ending a years-long dispute over its Chinese ownership.

The deal came in response to a law passed by former President Joe Biden, which threatened to ban TikTok in the US if ByteDance did not sell TikTok's operations in the country.

American users can continue using the same app as Oracle takes lead on storing US data locally with algorithm to be retrained on US user data.

ByteDance says a group of investors led by Oracle, Silver Lake, and MGX will set up a U.S.-focused TikTok to avoid a federal ban.

The popular short-form video platform has been subject to years of scrutiny across the political aisle in the U.S. over its Chinese ownership.

TikTok released some information about the deal Thursday night, but it remains unclear if it complies with a 2024 law.

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