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Trump says he would not approve a TikTok deal unless ByteDance ceded its control, after ByteDance said it would retain an 80% stake (David McCabe/New York Times)
President Donald Trump on Thursday signed an executive order that will block any transactions between U.S. companies and the parent firms of TikTok and WeChat starting Sept. 20.
The order, which follows weeks of threats to ban the popular video apps from the U.S., will essentially force ByteDance and Tencent to divest from TikTok and WeChat, respectively, or stop operating those apps in the country.
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