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ByteDance offers to forgo stake in TikTok to clinch U.S. deal: Report

Indian Express Saturday, 1 August 2020 ()
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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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China's ByteDance offers to forgo stake in TikTok to clinch US deal

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ByteDance was previously seeking to keep a minority stake in the US business of TikTok, which the White House had rejected.
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