ByteDance says it will own 80% of TikTok U.S. firm, contradicts Trump's claims deal has 'nothing to do with China'
September 21, 2020 at 01:41 AM EDT
ByteDance said on Monday it was not giving up control of TikTok in the U.S. and said a claim that the U.S. Treasury would get $5 billion in taxes was just a "forecast" and would depend on how the business performed.