TikTok's owner offers to forego stake to clinch US deal, says report

Topics TikTok | ByteDance

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.

  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.....

This article is no longer available in our repository.

There could be multiple reasons for this.