TikTok confirms the U.S. has threatened ban if Chinese parent ByteDance doesn’t sell stake

• Washington asked TikTok’s Chinese parent company ByteDance to divest its stake in the short video app or face a possible ban in the U.S., CNBC has confirmed.
• A person familiar with the matter, who requested anonymity due to the sensitivity of the situation, told CNBC that TikTok had been contacted by CFIUS.
• The U.S. has a number of concerns about TikTok and has maintained the app presents a national security risk.

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