<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/"
     xmlns:dc="http://purl.org/dc/elements/1.1/"
     xmlns:atom="http://www.w3.org/2005/Atom"
     xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
     xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
     xmlns:georss="http://www.georss.org/georss"
     xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#"
     xmlns:media="http://search.yahoo.com/mrss/">
    <channel>
        <title><![CDATA[TikTok’s owner reportedly in talks with US to avoid a sale of the app]]></title>
        <atom:link href="https://usagag.com/2020/09/09/tiktoks-owner-reportedly-in-talks-with-us-to-avoid-a-sale-of-the-app/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/09/09/tiktoks-owner-reportedly-in-talks-with-us-to-avoid-a-sale-of-the-app/</link>
        <lastBuildDate>Wed, 09 Sep 2020 20:39:54 +0000</lastBuildDate>
        <sy:updatePeriod>hourly</sy:updatePeriod>
        <sy:updateFrequency>1</sy:updateFrequency>
        <generator>https://usagag.com</generator>
        <media:content url="/uploads/2020/09/tiktoks-owner-reportedly-in-talks-with-us-to-avoid-a-sale-of-the-app.jpg" medium="image">
            <media:title type="html">TikTok’s owner reportedly in talks with US to avoid a sale of the app</media:title>
        </media:content>
        <content:encoded><![CDATA[<p>TikTok&#8217;s Beijing-based parent company is reportedly in talks with the US government about a possible deal to avoid an outright sale of the popular app&#8217;s US operations.</p><p>ByteDance and top US officials are negotiating possible arrangements that would allow it to maintain some ownership stake in TikTok while still satisfying the US&#8217;s demand that China have no way to access user data, the <strong>Wall Street Journal</strong> reported on Wednesday.</p><p>The discussions, which have reportedly been underway for months, are more urgent now that President Trump has put a strict deadline on a TikTok sale. Trump last month issued an <strong>executive order</strong> requiring ByteDance to sell TikTok to a &#8220;very American company&#8221; or see the app banned in the country.</p><p>Though a full sale is still an option, ByteDance is exploring a partial sale which would &#8220;likely involve some sort of restructuring of TikTok.&#8221;</p><p>A sale of the popular video app has <strong>appeared imminent</strong> for weeks since CEO Kevin Mayer quit his post after just three months when he was reportedly left out of sale negotiations with both Microsoft and Oracle — the leading contenders to buy the app.</p><p>Walmart had <strong>previously confirmed its interest</strong> in acquiring app alongside Microsoft, saying that it envisions TikTok providing it “with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising business.”</p><p>But the negotiations came to a halt after the Chinese government threw roadblocks ahead of the US-ordered deal.</p><p>Beijing last month introduced export restrictions on artificial intelligence technology, seemingly including the type that TikTok uses to choose which videos to spool up to its users. That means TikTok&#8217;s Chinese owner, ByteDance, would have to obtain a license to export any restricted technologies to a foreign company.</p><p>A Treasury Department spokesperson told the Journal in a statement that it “is focused solely at this time on discussions associated with the sale of TikTok in accordance with the August 14 divestiture order signed by the President.”</p><p>Shares of Microsoft, which finished the day up 4.3 percent, were down 0.2 percent in extended trading following the report.</p>]]></content:encoded>
                <dc:creator><![CDATA[USAGAG]]></dc:creator>
            </channel>
</rss><!--Time: 0.067625999450684-->