To avoid Trump's threatened TikTok ban, ByteDance prepares to sell its U.S. operations

To avoid Trump's threatened TikTok ban, ByteDance prepares to sell its U.S. operations

8/1/2020 10:11:00 PM

To avoid Trump's threatened TikTok ban, ByteDance prepares to sell its U.S. operations

China’s ByteDance is reportedly prepared to sell 100% of TikTok’s U.S. operations to head off a proposed ban on the app by President Trump.

AdvertisementByteDance is now waiting on the administration to approve Microsoft Corp.’s potential acquisition of TikTok, said one person, who wasn’t authorized to speak publicly about the matter.A deal would give the software company a popular social media service and relieve U.S. government pressure on the Chinese owner of the video-sharing app — although Trump seemed to throw cold water on the plan in his remarks on Friday.

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Microsoft’s move is “not the deal that you have been hearing about, that they are going to buy and sell, and this and that. And Microsoft and another one. We’re not an M&A [mergers and acquisitions] company,” Trump told reporters aboard Air Force One.

On Saturday, Vanessa Pappas, TikTok’s U.S. general manager, released astatement thanking users for their support and promising the company “isn’t going anywhere.”Advertisement Read more: Los Angeles Times »

an example of Authoritarianism. 😒🤳🏿To Microsoft? So his tiktokban rant was just a smokescreen to influence the process? 🤔 TheWitchProf Let's trend BanTrump Good. The United States is finally dismantling the surveillance of its people by the Chinese Communist Party. I know you know this worthless LAT, but just in case your readers don't.

China lied The world died.

Trump to order China’s ByteDance to sell its share of TikTokPresident Trump will reportedly order China’s ByteDance Ltd. to divest its ownership of the popular U.S.-based video app TikTok. China banned US apps in its country. US buys chinese app money money 😂

Exclusive: TikTok owner ByteDance considers listing China business in Hong Kong or Shanghai - sourcesChinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar with the matter told Reuters, against a backdrop of rising Sino-U.S. tensions over its hit non-China video app TikTok. TikTok should be banned , its a spy agency for the Xinjinping longterm abusive regime against people worldwide & minorities as the Uyghurs and the people of HongKong & others .. BoycottTikTok Boycott_China coronavirus

Exclusive: ByteDance offers to forgo stake in TikTok to clinch U.S. deal - sourcesChina'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. What's China getting out of letting it go? There’s hope I guess!! People will be happy with this! Trump - manipulating businesses he’s angry at.

Trump to ban China-owned TikTok from USUS President Trump's move comes following a review by the Committee on Foreign Investment in the United States, which investigates deals affecting US national security. Will ban * Afflicted by Sinophobia.

Microsoft Reportedly Considering Buying TikTok As Trump May Force U.S. SaleI am a Texas native covering breaking news out of New York City. Previously, I was a Forbes intern in London. I am an alum of City, University of London and Texas State University. This means tik tok coming back to India? Microsoft satyanadella Why would you do that? Coming from best class enterprise solutions to this cheap video App. Take your Sway app to retail consumer to counter this. Look at the trust deficit TicTok carries. I don't believe you can play around with the brand 'Microsoft' Here comes Bill Gates to rescue CCCP enterprise and its agenda......

Microsoft In Talks To Buy Teen Fave TikTok As Trump Ramps Up PressureMicrosoft is in talks to acquire TikTok, the hugely popular Chinese-owned app, just as the Trump administration considers taking action against the app — including banning it. Still won't use it. i can't believe such a thing Chinese owned app is going Microsoft.