Aren’t late breaking fluid stories fun? Late yesterday (Friday July 31st), US President Donald Trump told reporters on Air Force One that he was planning to ban TikTok in the US, apparently not satisfied with news reports that Microsoft was in talks to buy the video service from ByteDance. However a new report from Reuters this morning is saying that the Chinese company “has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House.”
Up until now, ByteDance had been looking to retain a minority stake in the US TikTok business, but now they’ve agreed to exit completely, and “Microsoft would take over TikTok in the United States. Apparently some US based ByteDance investors would be able to acquire minority stakes in the business.
In another interesting turn, however, the Reuters report goes on to say:
Under ByteDance’s new proposal, Microsoft will be in charge of protecting all U.S. user data, the sources said. The plan…