TikTok Ban: ByteDance Denies Report That It’s Considering Selling App

Variety

Lean Left

High Factuality

Media Conglomerate: Penske Media Corporation

TikTok Ban: ByteDance Denies Report That It’s Considering Selling App

ByteDance said a report that it’s mulling the sale of a majority stake in TikTok’s American business — after the U.S. adopted a law forcing it to divest its ownership position or face a ban of the app — is “untrue.” The Chinese internet giant was responding to a report Thursday by tech-news site The Information, citing anonymous sources, that ByteDance “is internally exploring scenarios for selling a majority stake in TikTok’s U.S. business, p…