Microsoft Sets September 15 Deadline for the Acquisition of TikTok, As ByteDance Bows to US’ Pressure

As the United States government intensifies pressure on TikTok to cut off ties with China or get booted out, the parent company, ByteDance has succumbed to the demands of Trump’s administration as it seems to be the only way out. ByteDance has offered to forgo its stake in TikTok to a US-based firm in order to stop the video app from being blocked in the United States. US president Donald Trump said on Friday that he would ban the TikTok within days, because the app poses a security risk under its Chinese parent. “Not the deal that you have been … Continue reading Microsoft Sets September 15 Deadline for the Acquisition of TikTok, As ByteDance Bows to US’ Pressure