TikTok’s Chinese Owner Dismisses Sales Rumor Amid Potential US Ban

Published on April 26, 2024

TikTok’s Beijing-based owner ByteDance denied media reports of selling the platform as the company faces a mandate to either divest the firm or be banned from the United States. “Foreign media reports that ByteDance is exploring the sale of TikTok are untrue,” the company said in an April 25 statement on news aggregation app Toutiao, according to CNN. “ByteDance doesn’t have any plan to sell TikTok.” The statement was in response to an article published by media outlet The Information on April 25, stating that ByteDance was exploring the possibility of selling a majority stake in TikTok’s business in the United States....

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