The plan entails spinning off a U.S. entity for TikTok and diluting Chinese ownership in the new business to below the 20% threshold required by U.S. law.

In January, Bill Ford, the CEO of General Atlantic and a ByteDance board director, hinted that there were options “short of divestiture” that could satisfy US authorities.

TikTok’s parent company ByteDance is on the clock to spin off the popular short-form video app’s US operations by September 17 or face a ban in the United States. Trump has repeatedly delayed ...

White House-led talks on the future of TikTok are coalescing around a plan for the biggest non-Chinese investors in parent company ByteDance to up their stakes and acquire the short video app's U ...