TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the U. S. that has been in discussion for years TikTok finalizes a deal to form a new American entityBy KAITLYN HUAMANIAP Technology ReporterThe Associated Press TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans.