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

6:54am PDT - August 1st, 2020    tiktok - TechCrunch

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 TikTo…