operations without key software, after Beijing stalled a deal which could be worth US$30 billion, sources said.
Beijing last week updated its export control rules to restrict the sale of technology such as the one used by TikTok to recommend videos to users, raising questions over whether it would veto a deal and giving prospective buyers Microsoft and Oracle pause for thought. Another option is to negotiate a transition period of up to a year with the Committee on Foreign Investment in the United States , which is overseeing the deal talks, the sources said. It is not clear, however, whether China's new rules would allow this in the time frame required.
ByteDance, Microsoft and Oracle declined to comment. The White House, CFIUS and China's Commerce Department did not immediately respond to requests for comment. TikTok has said it would not comply with any request to share user data with the Chinese authorities.
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