TikTok’s Chinese owner offers to forego stake after Trump threatens to ban app

TikTok’s Chinese owner offers to forego stake after Trump threatens to ban app

4 years ago
Anonymous $qOHwDUKgAF

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.