Authorization

ByteDance and Microsoft offer deal to allow TikTok to remain in the U.S., per report

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 after the White House rejected the proposal.
Under this new deal, Microsoft would be in charge of protecting U.S.-based users’ data, and another U.S.-based company would be allowed to operate TikTok .
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2020    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
262728293031