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Report: Trump to order ByteDance to sell TikTok’s U.S. operations

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6 years ago Curated by Theresa Wysocki
Report: Trump to order ByteDance to sell TikTok’s U.S. operations Report: Trump to order ByteDance to sell TikTok's U.S. operations
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Illustration: Aïda Amer/Axios. Article by Ashley Gold.

The Trump administration plans to sign an order directing China-based ByteDance to divest its U.S.-based video sharing app TikTok, which is already in talks to be acquired by Microsoft, according to news reports Friday.

Why it matters: The U.S. since last year has been reviewing national security risks of ByteDance’s control of TikTok, recently valued at $50 billion. This order would require ByteDance to cede majority control of TikTok, Bloomberg reports, citing people familiar with the matter. The order could come as early as Friday. […]

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