REPORT SAYS BYTEDANCE IN TALKS WITH U.S. TO AVOID SELLING TIKTOK
The Wall Street Journal said Chinese Internet giant ByteDance is in talks with the U.S. about ways it might avoid having to sell its TikTok operation.
TikTok has been at the center of a diplomatic storm between Washington and Beijing, and President Donald Trump gave Americans a deadline to stop doing business with TikTok’s Chinese parent company ByteDance — effectively compelling a sale of the app to a U.S. company.
Walmart has joined forces with Microsoft in negotiations to buy TikTok.
Oracle is also reported to be interested in TikTok.