TikTok’s Chinese parent company ByteDance is willing to sell the American branch of the popular video app completely, insiders say Saturday. The company wants to prevent the app from being banned in the United States in this way.
ByteDance initially wanted to hold a minority stake in the US arm of the app, but the White House disagreed. In this new proposed deal, ByteDance would be completely closed off from TikTok in the US and data from US users would be transferred to Microsoft.
The White House declined to comment on the question Reuters whether US President Donald Trump would accept the ByteDance franchise. ByteDance did not respond to a request for comment
Trump wants to ban TikTok in the US
On the night from Friday to Saturday, Trump announced he would ban the video app TikTok in the United States. He would like to start this ban on Saturday.
TikTok has been under attack in the US for a long time. Mike Pompeo, United States Secretary of State, announced last month that he was considering a ban, because he says the app shares information with the Chinese government. Pompeo fears that the Chinese government will spy on American citizens in this way and store their private data.
According to ByteDance’s new proposal, Microsoft will be responsible for protecting all US user data, the sources said. The plan would also state that it is also possible for another American company to acquire TikTok in the United States.
According to The New York Times ByteDance is in talks with several US companies, including Microsoft, to purchase TikTok but no deal has been closed yet. Microsoft did not respond to a request from Reuters for comment.