China may kill TikTok’s U.S. operations rather than see them sold

China may kill TikTok’s U.S. operations rather than see them sold

4 years ago
Anonymous $rxtAWepgzY

https://techcrunch.com/2020/09/11/china-may-kill-tiktoks-u-s-operations-rather-than-see-them-sold/

The controversial push to force Chinese tech unicorn ByteDance to divest part or all of its smash-hit TikTok social media service to a US-based company could be in doubt after a report today indicated that China’s government may oppose the transaction. According to reporting by Reuters, the Chinese government may prefer TikTok to simply shutter its U.S. operations instead of allowing it to be sold to an American company.

The potential divestment of TikTok is not a regular business transaction. Instead, the deal is being demanded by the U.S. government, as President Donald Trump directs foreign and economic policymaking via executive fiat. Leaning on his own fabled business acumen, the American premier has also demanded that his government receive a portion of any final sale price. It is not clear if that concept is legal.

China may kill TikTok’s U.S. operations rather than see them sold

Sep 11, 2020, 8:13pm UTC
https://techcrunch.com/2020/09/11/china-may-kill-tiktoks-u-s-operations-rather-than-see-them-sold/ > The controversial push to force Chinese tech unicorn ByteDance to divest part or all of its smash-hit TikTok social media service to a US-based company could be in doubt after a report today indicated that China’s government may oppose the transaction. According to reporting by Reuters, the Chinese government may prefer TikTok to simply shutter its U.S. operations instead of allowing it to be sold to an American company. > The potential divestment of TikTok is not a regular business transaction. Instead, the deal is being demanded by the U.S. government, as President Donald Trump directs foreign and economic policymaking via executive fiat. Leaning on his own fabled business acumen, the American premier has also demanded that his government receive a portion of any final sale price. It is not clear if that concept is legal.