ByteDance says Beijing will have to approve TikTok’s US deal

//ByteDance says Beijing will have to approve TikTok’s US deal

ByteDance says Beijing will have to approve TikTok’s US deal

The Chinese government will need to clear a proposed deal between Oracle Corp and ByteDance over TikTok’s US operation, according to the Beijing-based start-up on Thursday, further complicating its effort to keep the popular short video-sharing service from getting banned by the Trump administration.“An outright sale of operations and technology is not included in the proposal [to the Trump administration] and a final deal has not been signed,” said ByteDance in a Chinese statement released to…

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By | 2020-09-17T11:49:38+00:00 September 17th, 2020|Business|Comments Off on ByteDance says Beijing will have to approve TikTok’s US deal