Exclusive: ByteDance investors seek to use stakes to finance TikTok bid

  • 📰 Reuters
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

EXCLUSIVE: ByteDance investors are in talks to use their stakes in the Chinese technology firm to help finance their bid for its popular short-video app TikTok by DEER_ECHO_ ReutersJF

). President Donald Trump has ordered the Chinese company to sever ties with the social media app in the United States, citing concerns over the safety of the personal data it handles.

The ByteDance investors’ plan faces long odds and significant hurdles, the sources said. Trump administration officials have said they expect a major U.S. company to lead the TikTok deal and ringfence the app technologically from ByteDance. A U.S. government panel, the Committee on Foreign Investment in the United States , has to sign off on any deal that ByteDance reaches.

Microsoft is working on a blueprint on how TikTok would be separated operationally from ByteDance after a deal is reached, which the Redmond, Washington-based company has said it hopes to ink by Sept. 15, the sources added. CFIUS would then monitor the implementation of the deal under a lengthy transition period, according to the sources.

While TikTok is best known for its anodyne videos of people dancing and going viral among teenagers, U.S. officials have expressed concerns that information on users could be passed on to China’s communist government.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

I get the feeling tik tok is full of smoke and mirrors.

GG Elon

Still wouldn’t address the tainted AI...

Grate works

Obama*shit obiden*shit Obama*shit obiden*shit Obama*shit obiden*shit Obama*shit obiden*shit Obama*shit obiden*shit Obama*shit obiden*shit Obama*shit obiden*shit Obama*shit obiden*shit Obama*shit obiden*shit Obama*shit obiden*shit Obama*shit obiden*shit

Be a good person, but don't waste your time proving it. Follow TipsQt

DEER_ECHO_ JF Tik Tok is loser.

DEER_ECHO_ JF Why ban WeChat and TikTok? In China, CCP uses them to monitor Chinese people, when someone says things against the government in WeChat the police know it immediately; Overseas, they are used as spy tools. More bans are on the way!

DEER_ECHO_ JF I see

DEER_ECHO_ JF Never leave a true relation for few faults.....NOBODY IS PERFECT and, affection is greater than perfection. Follow TipsQt

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker