October 21, 2020
Business News

A TikTok-Microsoft Deal Might Solve Everything – Yahoo Finance

(Bloomberg Opinion) — It looks like the TikTok spinout scenario is fully in play.
For weeks, White House officials including Secretary of State Mike Pompeo and President Donald Trump have raised the prospect of a ban of ByteDance Ltd.s TikTok app in the U.S., citing national security concerns. But now it seems the government could be amenable to a middle ground. On Friday, Bloomberg News reported Trump plans to order ByteDance Ltd. to divest its ownership of TikTok. Then later in the afternoon…

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