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Existing ByteDance investors emerge as front-runners in TikTok deal talks
Economic Times
·
5m ago
Medial
White House-led discussions on TikTok's future focus on a potential plan for ByteDance's major non-Chinese investors to increase stakes and acquire its U.S. operations, aiming to comply with U.S. law by reducing Chinese ownership below 20%. Investors like Susquehanna, General Atlantic, and KKR are leading talks, while Oracle would maintain U.S. data storage. President Trump extended a deadline for a deal to help avoid national security concerns and save TikTok from a U.S. ban.
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China Signals Opposition to Forced Sale of TikTok in the U.S.
Livemint
·
1y ago
Medial
The Chinese government has indicated that it will not allow a forced sale of TikTok, limiting options for the app's owners as potential buyers emerge for its US operations. Chinese officials have criticised the US for its actions against the app and have sent signals to ByteDance, TikTok's Beijing-based owner, suggesting that the government would prefer to see the app banned in the US rather than sold. The House in the US recently voted overwhelmingly in favour of a bill requiring ByteDance to sell TikTok due to concerns over national security.
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TikTok owner ByteDance in talks with Tencent, others to sell gaming assets
Reuters
·
1y ago
Medial
Chinese social media firm ByteDance, owner of TikTok, is reportedly in talks with multiple buyers, including Tencent, regarding the sale of its gaming assets. ByteDance has been looking to retreat from the gaming industry and has been in discussions about popular video games published by its gaming unit, Nuverse. Tencent, the world's largest video games company, is one of the prospective buyers. However, no deal has been finalized. ByteDance had previously announced plans to divest itself of its gaming units, including Moonton, in order to focus on other core businesses.
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Donald Trump says he will extend TikTok deadline for 75 days
Economic Times
·
4m ago
Medial
President Donald Trump extended the deadline by 75 days for ByteDance to sell U.S. assets of TikTok to a non-Chinese buyer to avoid a ban. Trump's administration is in talks with multiple groups regarding a potential deal. Plans involve creating a U.S. TikTok entity, reducing Chinese ownership below 20%, and discussions involve entities like Susquehanna International Group and General Atlantic. Walmart is also interested. Chinese government approval remains a key obstacle.
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Oracle and Microsoft in talks to take over TikTok under Trump administration plan: Report | Mint
Livemint
·
7m ago
Medial
The Trump administration is reportedly devising a plan involving Oracle and Microsoft to save TikTok, with ByteDance retaining a minority stake. This potential deal would allow American investors a majority stake, and Oracle would oversee TikTok's operations. The terms are still under negotiation, and ByteDance seeks at least $200 billion for the app. A meeting between White House and Oracle executives discussed the deal, aiming to minimize Chinese ownership while ensuring compliance with U.S. regulations.
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US senator Warner says new Donald Trump TikTok extension may violate law
Economic Times
·
4m ago
Medial
Senator Mark Warner criticized President Trump's decision to extend the deadline for ByteDance, TikTok's parent company, to divest its U.S. assets, claiming it violates legal requirements. Warner expressed concerns that the proposed deal would allow ByteDance to retain influence over TikTok, endangering national security. The deal involves creating a U.S.-based company for TikTok, but requires Chinese approval, causing opposition. Trump's administration is engaging with several groups regarding the potential TikTok acquisition.
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Trump says 'very close to a deal' on TikTok
Economic Times
·
4m ago
Medial
President Donald Trump announced that the U.S. is close to finalizing a deal for TikTok, which threatens a U.S. ban unless sold by its Chinese owner, ByteDance. TikTok, with over 170 million American users, is under scrutiny due to national security concerns about Chinese government control. Current negotiations involve multiple investors, possibly including Oracle and Blackstone, aiming to reduce Chinese ownership. The deal might also influence ongoing U.S-China tariff discussions.
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TikTok must find non-Chinese owner by Saturday to avert US ban
Economic Times
·
4m ago
Medial
TikTok faces a looming deadline to find a non-Chinese owner or face a U.S. ban, due to national security concerns about its Chinese parent company, ByteDance. TikTok, with over 170 million American users, risks shutdown if it doesn't comply. President Trump is negotiating a possible deal, involving U.S. investors like Oracle and Blackstone, to transfer ownership. However, the fate of TikTok's valuable algorithm, seen as potentially weaponizable, remains uncertain.
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Trump says US will start talks with China on TikTok deal this week - The Economic Times
Economic Times
·
1m ago
Medial
U.S. President Donald Trump announced plans to start talks with China regarding a potential TikTok deal. He mentioned discussions would likely begin on Monday or Tuesday, potentially involving President Xi or his representatives. The U.S. had extended the deadline for ByteDance, TikTok's parent company, to divest its U.S. assets. A previous deal to establish a new U.S.-based entity was stalled after China objected, necessitating new negotiations. Trump expressed cautious optimism about reaching an agreement.
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Perplexity AI submits bid to merge with TikTok
TechCrunch
·
7m ago
Medial
Perplexity AI has submitted a bid to merge with TikTok US amid potential bans in the US, suggesting a new entity with TikTok US and new equity partners. ByteDance investors could retain their equity. The potential law could force ByteDance to sell or face a ban by January 19. President Trump may grant a 90-day extension, but TikTok might face shutdown without Biden administration assurances. ByteDance insists it won't sell TikTok despite multiple buyer interests.
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Trump says China could get tariff relief if it approves TikTok deal
Economic Times
·
4m ago
Medial
President Donald Trump indicated he might consider tariff relief for China if it approves a sale agreement for TikTok, owned by ByteDance. Speaking aboard Air Force One, Trump highlighted the potential use of tariffs as a negotiation tool, suggesting China might exchange TikTok's approval for tariff concessions. TikTok faces an April 5 deadline to find a non-Chinese buyer to avoid a U.S. ban. Discussions involved multiple investors, and Trump's administration is close to a deal.
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