ByteDance has been in talks to divest TikTok’s North America, Australia and New Zealand operations to potential acquirers, including Microsoft Corp and Oracle Corp. President Donald Trump has ordered the Chinese company to sever ties with the social media app in the United States, citing concerns over the safety of the personal data it handles. Under their restructuring plan, Microsoft or Oracle could receive a minority stake in the assets, the sources added. …read more
Source:: Yahoo Finance
