TikTok’s Chinese owner offers to forego stake to clinch U.S. deal sources say

NEW YORK/WASHINGTON, Aug 1 (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, August 1.

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