Exclusive: TikTok's Chinese owner offers to forego stake to clinch U.S. deal - sources

7:24am PDT - August 1st, 2020    tiktok - Hacker News

China's ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter sa…