China's ByteDance will get 1 of 7 board seats for TikTok's US operations, official says

A US-China agreement on TikTok's US operations includes China's ByteDance choosing one of seven board members for the new entity, with Americans holding the six other seats, a senior White House official said on Saturday. President Donald Trump is trying to keep the short video app with 170 million US users from being banned after Congress passed a law in 2024 that ordered it shut down by January 2025 if its US assets were not sold by owner ByteDance. Trump has delayed enforcement of the law through mid-December amid efforts to extract TikTok's US assets from the global platform, line up American investors and ensure the new ownership qualifies as a full divestiture needed under the 2024 law. This week's...