House Committee Demands Briefing on TikTok Sale Terms

The US government is working to ensure TikTok is under American ownership.

There's a deal in progress, with a US group set to own most of the app.

ByteDance, the Chinese owner, will likely retain a smaller share and a board seat.

A House committee is requesting information on the deal to ensure it meets the law's requirements.

The valuation is lower than expected.

The goal is to balance national security with business interests.

There are questions if the deal will truly protect user data.