Bytedance Divestment
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TikTok Ban Looms as President Biden Signs Law With 270-Day Sale Deadline
For TikTok, the clock has started running in its existential fight to avoid a US ban. Legislation requiring the social media app’s Chinese owners to divest sailed through Congress, capped by Senate passage late Tuesday as part of a larger foreign-aid package. President Joe Biden signed into law Wednesday, beginning a 270-day countdown for a sale ...
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Explained: Why US Government Is Trying To Ban TikTok
The U.S. House of Representatives passed a bill on Saturday that would give TikTok's Chinese owner ByteDance about a year to divest the U.S. assets of the short-video app, or face a nationwide ban.
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US House Votes To Ban TikTok If It Doesn't Cut Ties To China
The US House of Representatives on Saturday passed a bill that would force TikTok to divest from its Chinese parent company ByteDance or face a nationwide ban in the United States, where it has around 170 million users.
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Trump Campaign Donor's $15-Billion TikTok Fortune At Stake Over Ban Bill
As some of the harshest Republican critics of TikTok soften their stance on the China-backed social media app, one billionaire donor's name is ricocheting around Washington.
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US House Passes Bill To Force TikTok Parent ByteDance To Divest Or Face Ban
The US House of Representatives overwhelmingly approved a bill on Wednesday that would force Tiktok to divest from its Chinese owner or get banned from the United States.
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UK Set to Announce Ban on TikTok on Government Smartphones: Report
TikTok is set to be banned on government phones in the UK on Thursday, according to a PA Media report. Countries around the world have increased scrutiny of TikTok over concerns that the personal data of users could end up in the control of the Chinese government. The UK government is expected to make a statement on the security of its devices on T...
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TikTok Ban Possible if Chinese Owners Refuse to Sell Stake, Biden Administration Warns
TikTok's Chinese owners must divest their stakes in the wildly popular social media app or face a potential ban in the US, according to the Biden administration. US officials and legislators have raised fears that TikTok's US user data, comprising information of over 100 million users, could be passed on to China's government.
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TikTok Could Face US Ban as Lawmakers Announce Bipartisan Bid to Block App Over Spying, Censorship Concerns
TikTok could face a ban in the US, as lawmakers unveiled bipartisan legislation aimed at banning the Chinese video sharing app. The US is concerned that TikTok, which is owned by ByteDance, could be used to spy on 200 million American users and censor content on the popular social media app.
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Elon Musk's Latest $7 Billion Twitter Funding Could Face US Regulator Scrutiny: Experts
Elon Musk's decision to accept some foreign investors as part of his $44 billion buyout of Twitter runs the risk of inviting the kind of regulatory scrutiny over US national security that social media peer TikTok faced, as per legal experts.
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Microsoft CEO Satya Nadella Says Failed TikTok Deal 'Strangest Thing I've Worked On'
Microsoft's near-acquisition of TikTok last year was the "strangest thing I've ever worked on," Chief Executive Officer Satya Nadella said.
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TikTok Parent ByteDance Launches Douyin Pay Mobile Payment Service in China
ByteDance launched its third-party payment service for the Chinese version of its hit short video app TikTok, Douyin Pay, as it presses to expand into the e-commerce business in China.
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US Not Extending TikTok Divestiture Deadline, But Talks to Continue: Sources
The Trump administration won’t be extending the deadline for ByteDance to divest TikTok's US assets, but will continue to engage with the Chinese company for talks, two sources close to the matter have said. The short video-sharing app has been threatened with a ban in US over its Chinese origin.
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TikTok Ban: ByteDance Gets 15-Day Extension on US Order to Divest App, Has Until November 27
ByteDance has been granted a 15-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app by Thursday.
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TikTok Ban: ByteDance Gets Trump Nod to Avoid Shutdown in the US
US President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.
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ByteDance May Miss US Deadline for TikTok Deal: Report
ByteDance is likely to miss the deadline imposed by the Trump administration for the sale of TikTok's US assets as new Chinese regulations have complicated deal talks with bidders Microsoft and Oracle, Bloomberg reported on Thursday.
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TikTok Ban Looms as President Biden Signs Law With 270-Day Sale Deadline
For TikTok, the clock has started running in its existential fight to avoid a US ban. Legislation requiring the social media app’s Chinese owners to divest sailed through Congress, capped by Senate passage late Tuesday as part of a larger foreign-aid package. President Joe Biden signed into law Wednesday, beginning a 270-day countdown for a sale ...
-
Explained: Why US Government Is Trying To Ban TikTok
The U.S. House of Representatives passed a bill on Saturday that would give TikTok's Chinese owner ByteDance about a year to divest the U.S. assets of the short-video app, or face a nationwide ban.
-
US House Votes To Ban TikTok If It Doesn't Cut Ties To China
The US House of Representatives on Saturday passed a bill that would force TikTok to divest from its Chinese parent company ByteDance or face a nationwide ban in the United States, where it has around 170 million users.
-
Trump Campaign Donor's $15-Billion TikTok Fortune At Stake Over Ban Bill
As some of the harshest Republican critics of TikTok soften their stance on the China-backed social media app, one billionaire donor's name is ricocheting around Washington.
-
US House Passes Bill To Force TikTok Parent ByteDance To Divest Or Face Ban
The US House of Representatives overwhelmingly approved a bill on Wednesday that would force Tiktok to divest from its Chinese owner or get banned from the United States.
-
UK Set to Announce Ban on TikTok on Government Smartphones: Report
TikTok is set to be banned on government phones in the UK on Thursday, according to a PA Media report. Countries around the world have increased scrutiny of TikTok over concerns that the personal data of users could end up in the control of the Chinese government. The UK government is expected to make a statement on the security of its devices on T...
-
TikTok Ban Possible if Chinese Owners Refuse to Sell Stake, Biden Administration Warns
TikTok's Chinese owners must divest their stakes in the wildly popular social media app or face a potential ban in the US, according to the Biden administration. US officials and legislators have raised fears that TikTok's US user data, comprising information of over 100 million users, could be passed on to China's government.
-
TikTok Could Face US Ban as Lawmakers Announce Bipartisan Bid to Block App Over Spying, Censorship Concerns
TikTok could face a ban in the US, as lawmakers unveiled bipartisan legislation aimed at banning the Chinese video sharing app. The US is concerned that TikTok, which is owned by ByteDance, could be used to spy on 200 million American users and censor content on the popular social media app.
-
Elon Musk's Latest $7 Billion Twitter Funding Could Face US Regulator Scrutiny: Experts
Elon Musk's decision to accept some foreign investors as part of his $44 billion buyout of Twitter runs the risk of inviting the kind of regulatory scrutiny over US national security that social media peer TikTok faced, as per legal experts.
-
Microsoft CEO Satya Nadella Says Failed TikTok Deal 'Strangest Thing I've Worked On'
Microsoft's near-acquisition of TikTok last year was the "strangest thing I've ever worked on," Chief Executive Officer Satya Nadella said.
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TikTok Parent ByteDance Launches Douyin Pay Mobile Payment Service in China
ByteDance launched its third-party payment service for the Chinese version of its hit short video app TikTok, Douyin Pay, as it presses to expand into the e-commerce business in China.
-
US Not Extending TikTok Divestiture Deadline, But Talks to Continue: Sources
The Trump administration won’t be extending the deadline for ByteDance to divest TikTok's US assets, but will continue to engage with the Chinese company for talks, two sources close to the matter have said. The short video-sharing app has been threatened with a ban in US over its Chinese origin.
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TikTok Ban: ByteDance Gets 15-Day Extension on US Order to Divest App, Has Until November 27
ByteDance has been granted a 15-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app by Thursday.
-
TikTok Ban: ByteDance Gets Trump Nod to Avoid Shutdown in the US
US President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.
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ByteDance May Miss US Deadline for TikTok Deal: Report
ByteDance is likely to miss the deadline imposed by the Trump administration for the sale of TikTok's US assets as new Chinese regulations have complicated deal talks with bidders Microsoft and Oracle, Bloomberg reported on Thursday.
