According to ByteDance, the deal was made to sell US-owned TikTok
According to TteTok parent company ByteDance, it has agreed to sell its US operations to prevent the Trump administration from banning it in the US, according to Reuters:.
It was not clear on Saturday how Microsoft would include the deal or lift the ban, but Reuters: Microsoft said it would be responsible for protecting US users’ data, which would allow another US company to take over TikTok in the United States.
The administration has threatened to ban the video sharing program for several weeks; Secretary of State Mike Pompeo said the July 7 ban was “something we are looking at.” President Trump announced on Friday that “we are banning them from the United States,” but gave no details other than what he had planned to do on Saturday.
This was announced by TikTok CEO Vanessa Papas Saturday in the video that “we do not plan to go anywhere”, the company “is here in the long run.”
TikTok, a subsidiary of Beijing-based ByteDance, has been investigated for its alleged links to the Chinese government. Pompeo compared TikTok to Huawei և ZTE, two Chinese companies that the Trump administration has identified as a threat to US national security.
Last month, TikTok users և K-pop fans encouraged followers to buy tickets for President Trump’s rally in Tulsa, but did not show up, trying to leave the rally empty. Turnout was lower than Trump’s campaign was waiting for.
Reports on Friday suggest Trump administration may force Chinese owner of TikTok to oust it, Several published reports Microsoft was in advanced negotiations to acquire the company.
US law has no precedent for blocking software, as does China’s Great Firewall.
It is being developed …
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