TikTok’s leadership is discussing the possibility of separating from ByteDance Ltd., its Chinese parent company, to help address concerns about national security risks. A divestiture, which could result in a sale or initial public offering, is considered a last resort, to be pursued only if the company’s existing proposal with national security officials doesn’t get approved, according to people familiar with the matter, who declined to be named discussing non-public information.
Similar Stories to Tiktok Considers Splitting From Bytedance If Deal With U.s. Fails on Bing News
Alex Barinka and Olivia Carville / Bloomberg, Time: Business
Wed, 03/15/2023 - 5:33am
Topics: tiktok&rsquo bloomberg intelligence mandeep singh damian reimertz u.s americans committee foreign investment united states oracle corp but cfius justice department ldquo;neither brooke oberwetter ldquo;under project congress tiktok chief executive officer shou chew house chinese communist party abu dhabi ai bloomberg news united arab emirates sheikh tahnoon zayed al nahyan tiktok chinese china american texas g42 bytedance deal security people data national billion address proposal review company’s existing multiple matter concerns familiar divestiture officials company year concerned valued government non-public information share app
BING NEWS:
- RFK Jr. threatens to challenge TikTok ban: It’s just a ‘smoke screen’
“Foreign media reports that ByteDance is exploring ... agreed to put its data behind a U.S. firewall, but “the Biden administration rejected that deal.” “Congress and the administration ...
04/26/2024 - 8:40 pm | View Link - ByteDance says it won’t sell TikTok business in US
TikTok’s Chinese parent company, ByteDance, said it will not sell the popular video sharing app to continue its business in the U.S., despite facing a potential ban under a law President Biden signed ...
04/26/2024 - 4:55 am | View Link - These are the countries where TikTok is already banned
LONDON (AP) — TikTok is in the crosshairs of authorities in the U.S., where new law threatens a nationwide ban unless its China-based parent ByteDance divests. It would be the biggest blow yet ...
04/26/2024 - 2:47 am | View Link - ByteDance would rather shut TikTok in the US than sell if legal challenge against ban law fails (report)
Citing sources, Reuters reports that TikTok’s parent ‘would prefer’ to shut the app down in the US if court challenge is ...
04/25/2024 - 8:47 am | View Link - ByteDance may shut down TikTok in U.S. after legal ban, report says
ByteDance prefers to shut down the TikTok app in the U.S. instead of selling it to a stateside company, according to a report.
04/25/2024 - 7:37 am | View Link - More
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