Sunday, March 26, 2023

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

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  • 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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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC


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