Home »  Topic »  TikTok's Chinese owner offers to forego stake to clinch US deal: Sources

TikTok's Chinese owner offers to forego stake to clinch US deal: Sources


China's ByteDance has agreed to divest the US operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

US officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance's concession will test whether Trump's threat to ban TikTok is a negotiating tactic, or whether he is intent on cracking down on a social media app that has ...


Read the full text indiatoday