TikTok’s parent ByteDance has decided it won’t sell or transfer the algorithm behind the video-sharing app in any sale or divestment, the South China Morning Post reported, citing a source briefed on the Chinese company’s boardroom discussions. ByteDance and TikTok didn’t immediately respond to the newspaper’s request for comment. Separately, Fox reporter Charles Gasparino tweeted on Sunday that any TikTok deal would probably require negotiations between the US government and its Chinese counterpart to succeed. SCOOP (1 of 2): Execs @tiktok say sale of US operations now faces just ONE roadblock: China, which is balking at a sale to either @Microsoft or @Oracle. @WhiteHouse is prepared to approve any deal, but the sale -- if it occurs--will likely be negotiated by the US-China government — Charles Gasparino (@CGasparino) September 13, 2020Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint September 13, 2020 15:45 UTC