This news has been received from: the-sun.com

All trademarks, copyrights, videos, photos and logos are owned by respective news sources. News stories, videos and live streams are from trusted sources.

CHINA’S ByteDance has agreed to completely exit the US operations of TikTok completely in a bid to save a deal with the White House, after Donald Trump announced a ban of Chinese-owned platform.

ByteDance was previously seeking to keep minority stake in the US business of TikTok, which the White House rejected, now the China based company will let Microsoft Corp take full control over TikTok.

1ByteDance has agreed to exit out of the US operations of TikTok, letting Microsoft Corp take full control of video-sharing platformCredit: AFP or licensors

More to follow....

Most read in NewsHIGH SPEED SMASHTwo dead and dozens injured as high speed train derails in PortugalBOMBSHELL DOCSEpstein 'forced underage girl to have sex with Andrew to blackmail him'AIR DISASTERTwo planes crash mid-air leaving 7 dead including AK legislator and 4 touristsRIP CONNIEFirst US face transplant patient who survived shotgun blast to head dies at 57PRES CLAIMSBill Clinton flew to Epstein 'orgy island' with 'two young girls', docs claimTIK OFFTrump says he's BANNING TikTok and 'has authority' to outlaw China-owned app TODAY

News Source: the-sun.com

Tags: microsoft tiktok

Tennis : Gasquet beaten in half and injured

Next News:

Chicago : Microsoft wants to buy the popular social network in the US .

President Donald Trump will announce an action against TikTok “in the coming days” and against other Chinese software companies that his administration considers a threat to the national security of the United States, Secretary of State Mike Pompeo said on Sunday.

Pompeo said in an interview with Fox News that Trump would make an announcement on the matter “very soon.” Pompeo’s comments come after Trump said Friday that he would ban TikTok, the popular Chinese short-form video app, through executive action.

The Trump administration has reiterated that TikTok and WeChat, a Chinese messaging app, are “sending user data directly to the Chinese Communist Party.”

TikTok in the US in the hands of Microsoft?

Microsoft confirmed on Sunday that it will continue with talks to explore the purchase of TikTok in the United States, although the process is still in a preliminary stage.

The company said in a statement that Satya Nadella, Microsoft’s CEO, spoke to President Trump on the matter and pledged to “buy TikTok subject to a full security review and to provide adequate economic benefits to the United States.”

The preliminary proposal contemplates the purchase of TikTok in the United States, Canada, Australia and New Zealand, which would result in Microsoft owning and operating TikTok in these markets, the company reported.

Look at the details.

“Microsoft will move quickly to engage in talks with TikTok parent company ByteDance in a matter of weeks and complete these discussions no later than September 15. During this process, Microsoft hopes to continue the dialogue with the US government. United, even with the president, “added the statement.

If the purchase is completed, world-class digital security and privacy measures would be added. “Microsoft would ensure that all private data of US TikTok users is transferred and remains in the United States.”

Other News

  • Microsoft Moving Forward with TikTok Purchase After Trump Reprieve
  • TikTok will be out of business if it doesnt sell by next month, Trump says
  • The Rock may have just saved the XFL, and with it the Tampa Bay Vipers
  • Lawmakers Welcome TikTok US Sale as White House Adviser Raises Concerns
  • Florida fire rescue team saves ducklings trapped in storm drain as Tropical Storm Isaias neared
  • Reopen News: Mayor Bill de Blasio says Open Restaurants Program saved 80,000 jobs in NYC
  • Blank check company DiamondPeak soars 29% after inking deal to acquire electric vehicle maker Lordstown Motors
  • CNBCs Jim Cramer Says Hes Perturbed By Microsoft-TikTok Talks, Citing Privacy Concerns: Im Shocked Trump Would Go for This
  • Donald Trump Backs Down from TikTok Ban; Allows Microsoft 45 Days to Negotiate Purchase
  • White House Backs Microsoft Buying TikTok From ByteDance — But A Deal Must Be Reached By September 15
  • Trump putting TikTok ban on hold for 45 days: report
  • Newcastle owner Mike Ashley sets US tycoon Henry Mauriss August 14 deadline to complete takeover after Saudi’s pull out
  • Microsoft confirms talks seeking to buy US arm of TikTok
  • Microsoft Says It Spoke With Trump After TikTok Threat, Deal May Still Happen
  • Microsoft, TikTok to Continue Talks; Trump Gives App’s Chinese Owner 45 Days to Reach Deal to Sell
  • Miami : Microsoft wants to buy the popular social network in the US Telemundo Miami (51)
  • Dallas : Microsoft wants to buy the popular social network in the US Telemundo Dallas (39)
  • Newcastle takeover latest: Amanda Staveley mobilses Toon army to try and revive £300m deal
  • Tamar Braxton says boyfriend saved her life