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TikTok's Chinese owner offers to forego stake to clinch U.S. deal, says sources

Hindu Sunday, 2 August 2020 ()
ByteDance's concession will test whether Mr. Trump's threat to ban TikTok is a negotiating tactic
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News video: TikTok's owner offers to forego stake - sources

TikTok's owner offers to forego stake - sources 01:21

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. Ciara Lee reports

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Indian Express Also reported by •Hindu

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