Allegedly, ByteDance had previously sought a deal that would allow the company to retain a minority stake in the company. That plan was apparently recently abandoned after the White House rejected the proposal. Under this new deal, Microsoft would be in charge of protecting U.S. based users data, and another U.S. based company would be allowed to operate TikTok . Its unclear if this deal would be enough to allow TikTok to continue to operate within the United States. Microsoft and the White...

Read the full article at TechCrunch