TikTok, U.S. Discuss Ways to Avoid Sale - News Summed Up

TikTok, U.S. Discuss Ways to Avoid Sale


TikTok’s Chinese parent, ByteDance Ltd., is discussing with the U.S. government possible arrangements that would allow the popular video-sharing app to avoid a full sale of its U.S. operations, according to people familiar with the matter. Discussions around such an option have risen in prominence since the Chinese government took steps that make a sale to a U.S. technology giant like Microsoft Corp. more difficult, the people said. They take place against a fast-approaching deadline that President Trump imposed for TikTok...


Source: Wall Street Journal September 09, 2020 19:41 UTC



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