ByteDance is continuing its months-long talks with the US

Sep 10, 2020 · 1 min read
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TikTok’s parent company, the Chinese company Bytedance, is discussing options with the U.S. government to avoid the complete sale of its U.S. operations, The Wall Street Journal reported Wednesday.

According to the newspaper, the talks come after the urgency to seal a deal increased since China took a series of measures that make the operation more difficult.

ByteDance is rushing to find a buyer for TikTok’s assets so that it can finalize a deal in mid-September to comply with President Donald Trump’s order to divest them, after U.S. officials expressed concern about the security of U.S. citizen data handled by TikTok.