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US-China tensions

ByteDance offers to forgo TikTok stake to skirt US ban: sources

Microsoft would take over American business under proposed scheme

DyteDance is willing to completely divest the U.S. operations of TikTok, reports say.   © Reuters

NEW YORK/WASHINGTON (Reuters) -- China's ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance's concession will test whether Trump's threat to ban TikTok is a negotiating tactic, or whether he is intent on cracking down on a social media app that boasts it has 100 million users in the United States.

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