August 3, 2020
(Reuters) – U.S. President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday.
The negotiations between ByteDance and Microsoft will be overseen by the Committee on Foreign Investment in the United States, a U.S. government panel that has the right to block any agreement, the sources added.
ByteDance, Microsoft and the White House did not immediately respond to requests for comment.
(Reporting by Greg Roumeliotis and Echo Wang in New York; Additional reporting by David Shepardson, Peter Schroeder and Alexandra Alper in Washington, D.C.; Editing by Jacqueline Wong)
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