Saturday, August 1, 2020

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

https://www.newsbreakapp.com/n/0PlSJDKf?s=a3&pd=06CskVMJ

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

Reuters


NEW YORK/WASHINGTON (Reuters) - 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.

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