TikTok Inching Toward US Security Deal To Avoid Sale

U.S. lawmakers and TikTok are hammering out a plan, under which the short-form video app would make changes to its data security and governance without requiring its parent firm, China's ByteDance to sell it, the New York Times reported on Monday. Reuters reports: TikTok and the Biden administration have drafted a preliminary agreement to resolve national security concerns but are still deciding on a potential agreement, the Times reported, citing people familiar with the matter. A TikTok spokesperson declined to comment on the report but said the app was confident about being able to "fully satisfy all reasonable U.S. national security concerns." TikTok's parent company ByteDance was ordered to divest the company more than two years ago over fears that U.S. user data could be passed on to China's communist government.

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