• TikTok parent comes up with a plan to save the app in the U.S.; no word from the White House

    2 days ago - By Phone Arena

    If you woke up this morning expecting to hear that popular short-form video app TikTok had been banned in the U.S. , the entire drama has taken another turn. that the owner of the app, China's ByteDance, has allegedly offered to divest the entire U.S. operations of TikTok. With over 2 billion installs from Apple's App Store and the Google Play Store worldwide, the app allows creators to produce videos of 15 or 30 seconds in length. Typical content includes dancing, comedic pranks, and protests. The app has been helping pre-teens, teens, and even adults pass the time while being forced...
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  • TikTok owner reportedly agrees to sell US stake to avoid ban

    TikTok owner reportedly agrees to sell US stake to avoid ban

    2 days ago - By Engadget

    TikTok may drop its ties to China in very short order. Reuters sources claim TikTok's Chinese owner, ByteDance, has agreed to sell its stake in the social network's US operations to avert a possible ban. The agreement would have Microsoft protect Ame...
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  • ByteDance reportedly reaches deal to sell TikTok American operations

    ByteDance reportedly reaches deal to sell TikTok American operations

    2 days ago - By The Verge

    Illustration by Alex Castro / The Verge
    TikTok parent company ByteDance has reportedly agreed to sell its American operations to prevent the Trump administration from banning it in the US, according to Reuters .
    It was not clear Saturday whether the deal would involve Microsoft, or whether it would stave off a ban. The administration has threatened to ban the video-sharing app for several weeks; Secretary of State Mike Pompeo said on July 7th a ban was “something we're looking at.” President Trump said Friday “we're banning them from the United States,” but didn't provide specifics other...
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  • ByteDance Said to Offer to Sell TikTok's U.S. Operations

    2 days ago - By NY Times

    The Trump administration has said the video app poses security concerns because of its Chinese ownership.
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  • ByteDance to give up stake in TikTok, Microsoft to take over U.S. operations: report

    ByteDance to give up stake in TikTok, Microsoft to take over U.S. operations: report

    2 days ago - By MobileSyrup

    China-based ByteDance reportedly agreed to divest the U.S. operations of TikTok and Microsoft will allegedly take over.
    The move comes after President Donald Trump told reporters he planned to ban the popular app .
    According to Reuters , people familiar with the matter said ByteDance decided to divest TikTok in a bid to save a deal with the White House. Previously, the company sought to keep a minority stake in the U.S. business of TikTok , which the White House reportedly rejected.
    Under the new deal, ByteDance would completely exit from TikTok and Microsoft would take over the social...
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  • ByteDance and Microsoft offer deal to allow TikTok to remain in the U.S., per report

    2 days ago - By TechCrunch

    China's ByteDance has agreed to divest its TikTok operations in the US, according to a report in Reuters. Under the deal, Microsoft would take over stewardship of the data of U.S.-based users. The deal allows another company besides Microsoft to operate TikTok in the United States. This would allow the service to continue to operate in the United States, sidestepping the alleged executive order threatened by President Trump.
    Allegedly, ByteDance had previously sought a deal that would allow the company to retain a minority stake in the company. That plan was apparently recently abandoned...
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