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Trump to provide TikTok’s Chinese owner 45 days to agree sale: Report

Byindianadmin

Aug 3, 2020 #owner, #report
Trump to provide TikTok’s Chinese owner 45 days to agree sale: Report

BRAND-NEW DELHI: US President

Donald Trump

has consented to give China’s ByteDance 45 days to work out a sale of popular short-video app

TikTok

to Microsoft Corp, two people acquainted with the matter stated on Sunday.

US officials have said TikTok under its Chinese parent postures a national threat due to the fact that of the personal data it handles. Trump said on Friday he was preparing to ban TikTok in the United States after dismissing the concept of a sale to Microsoft.

But following a discussion in between Trump and Microsoft CEO Satya Nadella, the Redwood, Washington-based business said in a statement on Sunday that it would continue settlements to get TikTok from ByteDance, which it intended to reach a deal by September15

It was not immediately clear what changed Trump’s mind. Prohibiting TikTok would push away much of its young users ahead of the United States presidential election in November, and would likely trigger a wave of legal difficulties. Numerous popular Republican lawmakers put out statements in the





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