TikTok could be sold off by Chinese owner to shield it from US ban

The embattled viral video app TikTok could be split off from its Chinese parent company and sold to investors in the United States in order to shield it from regulatory wrath, according to reports. ByteDance, the $110bn (£86bn) Beijing start-up behind TikTok, is said to be discussing the plan with a small group of its US investors, who would buy a majority stake in the app.
Read more: https://www.telegraph.co.uk/technology/2020/07/21/tiktok-could-sold-chinese-owner-shield-us-ban/?source=Snapzu