Exclusive: TikTok's Chinese owner offers to forego stake to clinch U.S. deal - sources

Exclusive: TikTok's Chinese owner offers to forego stake to clinch U.S. deal - sources

4 years ago
Anonymous $qOHwDUKgAF

https://www.reuters.com/article/us-usa-tiktok-bytedance-exclusive/exclusive-tiktoks-chinese-owner-offers-to-forego-stake-to-clinch-u-s-deal-sources-idUSKBN24X3SK

China's ByteDance has agreed to divest the U.S. 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.

Exclusive: TikTok's Chinese owner offers to forego stake to clinch U.S. deal - sources

Aug 1, 2020, 3:30pm UTC
https://www.reuters.com/article/us-usa-tiktok-bytedance-exclusive/exclusive-tiktoks-chinese-owner-offers-to-forego-stake-to-clinch-u-s-deal-sources-idUSKBN24X3SK >China's ByteDance has agreed to divest the U.S. 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.