TikTok could be banned in the US unless the app’s Chinese owners sell their stakes. The Biden administration is demanding it, WSJ reports.

• The US is threatening TikTok's Chinese owners with a US ban if they don't sell their stakes, according to the WSJ.
• TikTok has responded saying the forced sale won't address the perceived national security risk.
• TikTok is considering splitting from ByteDance as a last resort, Bloomberg said.

The Biden administration is threatening TikTok's Chinese owners with a potential US ban of the app if they don't sell their ownership stakes in the company, The Wall Street Journal reported Wednesday, citing people familiar with the matter.