TikTok's Chinese parent company ByteDance is willing to sell the American branch of the popular video app completely, insiders say Saturday. In this way, the company wants to prevent the app from being banned in the United States.
ByteDance initially wanted to hold a minority stake in the US branch of the app, the White House disagreed. This new proposed deal would completely shut down ByteDance from TikTok in the US and transfer data from US users to Microsoft.
The White House declined to comment on Reuters' question as to whether Trump would accept the ByteDance concession. ByteDance did not respond to a request for comment
Trump wants to ban TikTok in the US
On the night from Friday to Saturday, US President Donald Trump announced that he would ban the video app TikTok in the United States. He would like to start this ban on Saturday.
TikTok has been under attack in the US for a long time. Mike Pompeo, United States Secretary of State, announced last month that he was considering a ban, because he says the app shares information with the Chinese government. Pompeo fears that the Chinese government will spy on American citizens in this way and store their private data.
According to ByteDance's new proposal, Microsoft will be responsible for protecting all US user data, the sources said. The plan would also state that it is also possible for another American company to acquire TikTok in the United States.
According to The New York Times , ByteDance is in talks with multiple US companies, including Microsoft, to purchase TikTok but no deal has yet been struck. Microsoft did not respond to a request from Reuters for comment.
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