ByteDance in talks with US govt to avoid full sale of TikTok

ByteDance is in talks with the US govt about how it can retain some ownership of TIkTok’s US ops while also satisfying regulators in China and the US. Possible workarounds include handling over the data control to American tech firm while “still holding on to some ownership assets”. Earlier, there were reports that ByteDance has chosen a buyer and was going to announce the details soon but there’s a possibility that new Chinese law wouldn’t let the deal happen.

Click here to read the full story

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s