Trump has spoken of banning Ticketcock many times before. Foreign Minister Mike Pompeo and several top officials have also reiterated his point. According to US officials, national security is threatened by Tiktok. It sends personal information of people to China.
Tiktok may be asked to sell ownership
Bloomberg and the Wall Street Journal have quoted sources claiming that the Trump administration may order Bytdans to sell the title to TickTalk. The order attached to it can be issued in a couple of days. The banning of Ticketock was supported by many leaders. Senator Marco Rubio said on Friday that in the current format this app is a threat to our national security. Some senators have also written a letter to the Attorney General demanding the ban.
The deal to buy TikTok may be finalized by Monday.
There are reports that Microsoft is in talks with Ticketcock's parent company ByteDance. Under this, Microsoft can buy Ticketcock's business in the US. The deal is expected to be settled by Monday. Last week, the Financial Times claimed that American company Sequoia and General Atlantica were planning to buy it. Both companies were ascertaining from the Treasury Department whether the ban could be stopped if American companies were bought.
TikTok's parent company is keeping a distance from China
Tiktok Management has been trying to distance itself from Beijing for a few months. In May, it appointed Disney-based Kevin Mayer as its CEO. Its parent company Byte Dance has offices in Las Angeles, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo. Last month, the company also talked about shifting its headquarters from Beijing to Washington. It also denied allegations of spying on him.
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