Hong Kong (CNN Business) The race to keep TikTok operating in the United States has turned into a saga of intricate dealmaking and political flattery. The deal to save TikTok's US business would seeandtake a minority stake in a US-based company called Tiktok Global. For American companies that work in China, the broad strokes of this deal might seem familiar. The race to keep TikTok operating in the United States is complicated, and could set a precedent for the future of US-China relations. Microsoft MSFT Apple AAPL The fight over TikTok has sparked a political firestorm in the United States.

Source: CNN September 27, 2020 00:56 UTC