US to Ban TikTok: ByteDance Need to Sell TikTok’s U.S. Operations to an American Company
Donald Trump’s trade war with China has forced ByteDance's TikTok, to pursue a sale of its US business after the president signed an executive order last week that could shut it down on 15 September . Separating the parts of TikTok; Microsoft is aiming to buy from the social media platform and its Beijing-based parent company ByteDance could take up to a year or more, well past a September 15 deadline set by White House. The arguements came from White House officials saying that TikTok poses a national security risk, claiming personal user data could be shared with the Chinese state government. So far, Twitter and Microsoft are the only reported bidders for Bytedance’s business, but others could emerge. And there’s the potential that any sale could be scuttled by lawsuits challenging the President’s executive order. Source: Sensor Tower The US software company Microsoft said on Sunday it was in negotiations with ByteDance, to explore “a purchase of the TikTok serv...