Republican senators back plans of divesting TikTok's US operations, call it 'win-win'

Several Republican senators in US are backing China’s ByteDance’s plan of divesting American operations of TikTok after US President Donald Trump said that he has decided to ban popular video-sharing social networking service. While Texas Senator John Cornyn, took on Twitter to claim that purchase by US company is “win-win”, Senator Roger Wicker also echoed same stance. However, Wicker, who is also chair of Commerce Committee, said that “tight security measures need to be part of any deal in order to protect consumer data and ensure foreign access”.

Meanwhile, US Treasury Secretary Steven Mnuchin told an international media outlet on August 2 that Committee on Foreign Investment on United States has agreed that ByteDance’s TikTok cant stay in existing format citing risks of sending back information on 100 million Americans. Mnuchin has also said that several US congressional leaders have agreed that “re has to be a change”. Furrmore, US Treasury Secretary said that Trump can eir “force a sale” or he can ban app under International Emergency Powers Act.

Read - Microsoft To Purchase TikTok In US, Canada, Australia, New Zealand

Meanwhile, media reports also suggested that American multinational techlogy company, Microsoft confirmed on August 2 that it is in communication with China’s ByteDance to acquire US arm of TikTok. Microsoft also said that it has discussed matter with Donald Trump along with privacy concerns budding from app’s acquisition. According to reports, company said in a statement that Microsoft and ByteDance have provided tice of ir intentions to explore an agreement that results in Microsoft owning and operating TikTok services in US, Canada, Australia and New Zealand. company said it expects those talks to conclude by September 15.

Read - Internet Sector In US Calcified; Twitter & FB 't Fun': Chinese Stooge Bats For TikTok

TikTok says Its 't going anywhere'

After US President Donald Trump indicated towards his plans of banning Chinese video-sharing social networking service TikTok, company responded by assuring that it “here for long run”. In a recorded mess by TikTok US General Manr Vanessa Pappas shared on August 1, she thanked millions of Americans who use application every day and spread creativity and joy into lives of people. While Trump said in a press briefing earlier, that US government is currently looking at options with respect to China-based company, Pappas assured that “we’re t going anywhere” and called TikTok a “home for creators”. 

Read - Microsoft Confirms Talks Seeking To Buy US Arm Of TikTok

Read - TikTok Cant Stay In Current Format In US: Treasury Secretary Steven Mnuchin

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