The US government has for months tried to force ByteDance to divest from TikTok's business in the US, based on allegations that the company allows the Chinese government to access the data of American users.
September 15 has been floated as the deadline for an acquisition — with Microsoft and Oracle leading talks — but the deal has hit snags and remains in limbo.ByteDance may reportedly not have to sell off its TikTok US assets after all, following a tumultuous, monthslong power struggle between the US government and the China-based company.
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