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Trump to Order ByteDance to Sell U.S. TikTok Operations

By Christopher Stern
· · Source: Bloomberg

The Trump administration is expected to order ByteDance to sell its stake in TikTok’s U.S. operations, a move that strengthens the hand of U.S. investors who are considering a bid for the company, Bloomberg reported. The order is the result of a year-long review by the Committee on Foreign Investment in the United States (CFIUS), which decided that TikTok’s ties to Beijing-based Bytedance was a...

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