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.