TikTok's owner offers to forego stake to clinch US deal, says report

ByteDance's concession will test whether Trump's threat to ban the app is a negotiating tactic

China’s ByteDance has agreed to divest the US 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.
 

US officials have said TikTok, under its Chinese parent, poses a national risk because of the personal data it handles.

ByteDance's concession will test whether Trump's threat to ban TikTok is a negotiating tactic, or whether he is intent on cracking down on a social media app that has up to 80 million daily active