TikTok's Chinese parent company, ByteDance, has agreed to completely sever ties with the social media app's U.S. operations with Microsoft taking over, two people familiar with the matter told Reuters Saturday.
The report comes a day after President Trump said he planned to ban the popular video app in the U.S. amid rising tensions between Washington and Beijing. TikTok became caught up in the conflict over the U.S.'s growing concerns that ByteDance was harboring users' personal data, which the Trump administration considers a national security risk.
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