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 Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday
NEW YORK/WASHINGTON - 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.
Late on Saturday, Peter Navarro, director of the White House's office of trade and manufacturing policy, told Fox News that Trump would be taking action on TikTok on Sunday or Monday. "The administration has very serious national security concerns over TikTok. We continue to evaluate future policy," the White House said in a statement, declining to comment on whether Trump would accept ByteDance's concession. ByteDance in Beijing did not respond to a request for comment.
"What's the right answer? Have an American company like Microsoft take over TikTok. Win-win. Keeps competition alive and data out of the hands of the Chinese Communist Party," Republican Senator Lindsey Graham wrote on Twitter on Saturday.
ByteDance acquired Shanghai-based video app Musical.ly in a $1 billion deal in 2017 and relaunched it as TikTok the following year. ByteDance did not seek approval for the acquisition from the Committee on Foreign Investment in the United States , which reviews deals for potential national security risks. Reuters reported last year that CFIUS had opened an investigation into TikTok.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
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.
Weiterlesen »
Trump says will ban TikTok amid pressure on Chinese owner to sellPresident Donald Trump said on Friday he would sign an executive order as soon as Saturday to ban TikTok in the United States, ratcheting up the pressure on the popular short-video app's Chinese owner to sell it.
Weiterlesen »
WSJ News Exclusive | Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals OppositionMicrosoft has paused negotiations to buy the U.S. operations of TikTok after President Trump said he opposes the deal, say people familiar with the matter
Weiterlesen »
Q&A: What would a US ban on Chinese-owned app TikTok mean?What's at stake for Chinese-owned app TikTok after President Trump threatened to ban the popular video app? It likely won't come to a ban, a total spin-off or U.S. tech firm acquisition is the likely scenario, an expert says.
Weiterlesen »
Promising a TikTok ban, Trump escalates tech war with ChinaIn reportedly preparing an order to force TikTok's Chinese parent company to sell it off, the Trump administration chooses a peculiar cyberdefense beachhead in an emerging battle over information espionage.
Weiterlesen »
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.
Weiterlesen »