ByteDance is internally exploring scenarios for selling a majority stake in TikTok’s U.S. business, preferably to companies outside of the technology industry, and without the algorithm that recommends videos to TikTok users, said three people with knowledge of the deliberations. (The Information)
TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. (Reuters)
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