ByteDance is nearing the deadline that the White House set for the Chinese-owned company to sell TikTok's U.S. assets or be shut down.
TikTok's parent company, ByteDance, is discussing possible resolutions with the U.S. government that would allow the company to avoid a full sale of the social media app's U.S. operations, the Wall Street Journal reported Wednesday.
The company has been widely expected to sell TikTok's U.S. operations to an American company, the top two contenders being Microsoft, in partnership with Walmart, or Oracle. TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019.ByteDance is speaking with the U.S. government about possible solutions that may allow it to retain some ownership of the U.S. operations of TikTok, while satisfying regulators in both China and the U.S. Those possibilities include handing over operational control of TikTok data to a U.S.
The White House previously set a deadline of Sept. 20 for the Chinese-owned company to announce a plan to sell TikTok's U.S. operations to a U.S. corporation, or face a shutdown in the United States by Sept. 29. Any such deal would have to be completed by Nov. 12.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ByteDance to hand out cash bonuses to staff amid U.S. pressure on TikTokTikTok owner ByteDance said on Tuesday it would hand out cash bonuses to employees working to help it 'overcome challenges posed by the COVID-19 pandemic and changing macro environment'.
Read more »
TikTok parent ByteDance is giving cash bonuses to its 60,000 employees - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Disability Activist Melissa Blake Speaks Out After TikTok Challenge Mocks People With DisabilitiesIn the 'New Teacher Challenge,' parents tape themselves showing their children an image of their new teacher. But this viral prank mocks people like Melissa Blake, a disability activist who was born with a rare genetic bone and muscular disorder. (WBUR)
Read more »
TikTok Is Warning Users About A Video Showing A SuicideTikTok is trying to stop the video from spreading by taking down clips and banning users who repeatedly share it.
Read more »
TikTok Struggling To Contain Spread Of Video Showing Man’s Apparent SuicideTikTok has 18 million daily users who are 14 or younger.
Read more »