TikTok’s Chinese parent, ByteDance, 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, WSJ reported Wednesday, citing people familiar with the matter. From a report: Discussions around such an option, under way for months, have assumed increased urgency since the Chinese government took steps that make a sale more difficult, the people said. They take place against a fast-approaching deadline that President 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 app intensifies. A number of options remain on the table, the situation is fluid and a sale is still a possibility, the people said. Even if there isn’t a full sale, the outcome would likely involve some sort of restructuring of TikTok, one of the people said. The main concern for government officials involved in the talks has been the security of TikTok’s data and keeping it out of reach of the Chinese government, said people familiar with the negotiations.
of this story at Slashdot.
Source:: Slashdot