TikTok’s Chinese parent, ByteDance Ltd., is talking with the U.S. government potential agreements that would permit the popular video-sharing app to avert a complete purchase of its U.S. surgeries, according to individuals knowledgeable about the issue.
Discussions around this kind of alternative have grown in prominence because the Chinese authorities took measures which produce a sale to some U.S. technology giant such as Microsoft Corp..
Harder, the people said. They occur against a fast-approaching deadline which President Donald Trump enforced for TikTok to consent to a sale of its own U.S. surgeries or else be closed down, as well as geopolitical wrangling within the program intensifies.
A range of choices remain on the desk, the situation is fluid and a sale remains a chance, the people mentioned. Even if there is not a complete sale, the result would probably involve some kind of restructuring of TikTok, among those folks said. That could entail a bargain where TikTok requires to a U.S. technology partner which can help secure its information and possibly requires a minority stake.
the primary concern for government officials involved in the discussions has been the safety of TikTok’s information and keeping it out of range of the Chinese authorities, said people knowledgeable about the discussions. Trump has stated repeatedly he needs an American organization to purchase the surgeries, and it is not clear if any choice could meet his concerns. Where China stands can be a puzzle.
An enlarged version of the report seems on WSJ.com.
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