TikTok’s Chinese owner offers to forego stake after Trump threatens to ban app
https://www.siliconvalley.com/2020/08/01/exclusive-tiktoks-chinese-owner-offers-to-forego-stake-to-clinch-u-s-deal-sources/
By Echo Wang and Alexandra Alper
NEW YORK/WASHINGTON, Aug 1 (Reuters) – China’s ByteDance hasagreed to divest the U.S. operations of TikTok completely in abid to save a deal with the White House, after President DonaldTrump said on Friday he had decided to ban the popularshort-video app, two people familiar with the matter said onSaturday.
TikTok’s Chinese owner offers to forego stake after Trump threatens to ban app
Aug 1, 2020, 4:26pm UTC
https://www.siliconvalley.com/2020/08/01/exclusive-tiktoks-chinese-owner-offers-to-forego-stake-to-clinch-u-s-deal-sources/
> By Echo Wang and Alexandra Alper
> NEW YORK/WASHINGTON, Aug 1 (Reuters) – China’s ByteDance hasagreed to divest the U.S. operations of TikTok completely in abid to save a deal with the White House, after President DonaldTrump said on Friday he had decided to ban the popularshort-video app, two people familiar with the matter said onSaturday.