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US threatening a ban, according to TikTok, if Chinese owners don’t sell their holdings

TikTok has confirmed that the US government has threatened to ban the app in the US unless its Chinese owners, ByteDance, sell their stakes in the company. In a statement, a TikTok spokesperson said: “We are not aware of a definitive plan to complete the previously reported divestment process and conclude this matter.”

The statement added that the company is “committed to continuing to bring joy to families and meaningful careers to those who create on our platform” and is “committed to adhering to the values and principles of the TikTok community.”