Sept 25 (Reuters) - TikTok and its Chinese parent company, ByteDance, have reached a settlement with Alabama over allegations they designed the platform to addict children and misled consumers about its safety, marking the company's first deal with a state as it fights similar claims nationwide.
Under the settlement, Alabama will receive a minimum of $100 million, due to the state within 45 days, with the potential to receive up to $300 million if certain conditions are met, the Alabama Attorney General's office said on Friday.
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Chris Reese)
