The move is seen as a last resort if national security officials don’t greenlight the company’s current proposal. It will also require the Chinese government’s approval.
TikTok’s leadership is discussing the possibility of separating from ByteDance Ltd., its Chinese parent company, to help address concerns about national security risks.
The company, which is undergoing a national security review by the Committee on Foreign Investment in the United States, agreed last year to implement a number of changes in a plan it calls Project Texas. Members of the committee from the Justice Department have been unwilling to accept TikTok’s proposal, according to other people familiar with the matter.
TikTok is also facing a barrage of potential legislation in Congress, some of which mandates a separation.
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