> Under ByteDance's new proposal, Microsoft, which also owns professional social media network LinkedIn, will be in charge of protecting all of TikTok's U.S. user data, the sources said. The plan allows for a U.S. company other than Microsoft to take over TikTok in the United States, the sources added.

Interesting. So Microsoft would (eventually) get cloud traffic and user data while the business gets managed by some sort of holding company?