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TikTok, U.S. government discuss options to avoid outright sale

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TikTok’s Chinese parent, ByteDance Ltd., is discussing with the U.S. government possible arrangements that would allow the popular video-sharing app to avoid a full sale of its U.S. operations, according to people familiar with the matter.

Discussions around such an option have risen in prominence since the Chinese government took steps that make a sale to a U.S. technology giant like Microsoft Corp.
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  more difficult, the people said. They take place against a fast-approaching deadline that President Donald Trump imposed for TikTok to agree to a sale of its U.S. operations or else be shut down, and as geopolitical wrangling over the…



Source marketwatch.com

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