After US President trump said on Friday that he had decided to ban the app, byte hopping has agreed to completely divest tiktok's U.S. business to save a deal with the White House, two people familiar with the matter said on Saturday.Byte hopping had previously tried to hold a minority stake in tiktok's US business, but was rejected by the White House.
According to the new deal proposal, byte hopping will completely withdraw and Microsoft will take over tiktok's business in the United States, the source said. The minority investors added that there might be opportunities for some investors to jump in the US business.
The White House did not respond to a request for comment on whether trump would accept the byte bounce concession. Byte skipping did not respond to a request for comment.
According to the new byte skipping proposal, Microsoft will be responsible for protecting all U.S. user data, the source said. The plan allows another US company other than Microsoft to acquire tiktok, the source added.
Microsoft also did not respond to requests for comment.