TikTok Ban ByteDance said to Forgo Stake in TikTok to Clinch US Deal. China’s Bite Dance has agreed to completely divert DicTok’s US actions in an attempt to secure a deal with the White House, the two said on Saturday after US President Donald Trump announced his decision to ban the popular short video app on Friday. Bite Dance has previously sought to hold a minority stake in Diktock’s U.S. business, which was rejected by the White House.
Sources said that under the new proposed deal, Bite Dance will be completely phased out and Microsoft will take over Dicto in the United States. Those sources said that some Fight Dance investors in the United States may be offered the opportunity to take a minority stake in the business.
TikTok Ban ByteDance
The White House did not respond to a request for comment on whether Trump would accept the Fight Dance offer. Fight Dance in Beijing did not respond to a request for comment.
Sources said that under the new Byte Dance program, Microsoft will be responsible for protecting all US user data. Sources said the plan allows a US company other than Microsoft to acquire Dicto in the United States.