REUTERS: Shares of TikTok U.S. suitors Microsoft Corp, Oracle Corp and Walmart Inc fell on Monday after China's move to restrict some technology exports spurred worries Beijing might block any deal for the video app's U.S. assets.
All three pared some of the losses after CNBC reported earlier in the day, giving no details of its sources, that a TikTok deal could be announced as early as Tuesday.
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Triller says it made US$20b bid with Centricus for TikTok assets[NEW YORK] Triller Inc executive chairman Bobby Sarnevesht said on Friday that the short-video app had made a US$20 billion offer with investment firm Centricus Asset Management for the assets of rival TikTok that China's ByteDance is seeking to divest. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China's new tech export controls could give Beijing a say in TikTok sale[BEIJING] China's new rules around tech exports mean ByteDance's sale of TikTok's US operations could need Beijing's approval, a Chinese trade expert told state media, a requirement that would complicate the forced and politically charged divestment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
TikTok says it has not received a bid from Centricus and Triller[NEW YORK] Investment firm Centricus Asset Management and social media app Triller have not submitted an offer for the TikTok assets that China's ByteDance is seeking to a divest, a spokesman for the short video app said on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »