Chinese ByteDance ready to sell its American part to save the app in the United States

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ByteDance, the Chinese parent company of the very popular TikTok, has offered to sell the American branch of the application, as encouraged by the United States, anxious to protect their data, according to the New York Times. After weeks of rumors and pressure,.

The White House had indicated hours earlier that the president was preparing to sign an official order to force ByteDance to separate from TikTok, in the name of protecting national security

The US application is suspected by Washington of being able to be used by Chinese intelligence, which the company has always firmly denied.

According to Reuters, according to the new draft agreement, ByteDance would completely exit the capital and Microsoft Corp would take over TikTok in the United States. Some investors in ByteDance are US-based and may be offered the opportunity to take minority stakes in the business, the sources added.

According to Reuters sources, ByteDance’s new proposal also provides that Microsoft is in charge of protecting all user data in the United States. It also authorizes another American company, other than Microsoft, to take over TikTok in the United States.

The entertainment platform – mostly short music videos – has nearly a billion users worldwide.

(With AFP and Reuters)

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