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Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok
9 months, 1 week ago

Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok

Associated Press  

Former Treasury Secretary Steven Mnuchin said Thursday that he will put together an investor group to buy TikTok after the House passed a bill that would ban the popular video app in the U.S. if its China-based owner does not sell its stake. AP AUDIO: Former Treasury Secretary Steve Mnuchin says he’s putting together investor group to buy TikTok. Asked …

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U.S. lawmakers say TikTok won't be banned if it finds a new owner. But that's easier said than done
9 months, 1 week ago

U.S. lawmakers say TikTok won't be banned if it finds a new owner. But that's easier said than done

The Hindu  

U.S. lawmakers are threatening to ban TikTok but also say they are giving its Chinese parent company a chance to keep it running. While some people have voiced an interest in buying TikTok's U.S. business — among them “Shark Tank” star Kevin O’Leary — there are a number of challenges including a 6-month deadline to get it done. “As you …

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US lawmakers say TikTok won’t be banned if it finds a new owner. But that’s easier said than done
9 months, 1 week ago

US lawmakers say TikTok won’t be banned if it finds a new owner. But that’s easier said than done

Associated Press  

U.S. lawmakers are threatening to ban TikTok but also say they are giving its Chinese parent company a chance to keep it running. While some people have voiced an interest in buying TikTok’s U.S. business — among them “Shark Tank” star Kevin O’Leary — there are a number of challenges including a 6-month deadline to get it done. The bill …

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Outside China, TikTok is testing in-app sale of products
3 years, 7 months ago

Outside China, TikTok is testing in-app sale of products

Al Jazeera  

Its efforts to duplicate in foreign markets the success of its hit Chinese-only cousin Douyin could pose a threat to Facebook. ByteDance Ltd.’s TikTok is working with brands including streetwear label Hype to test in-app sales in Europe, a move that will intensify its competition with Facebook Inc. and further blur the line between social media and online shopping. Facebook …

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Video app TikTok leans into e-commerce with Shopify deal
4 years, 1 month ago

Video app TikTok leans into e-commerce with Shopify deal

Associated Press  

The popular short-form video app TikTok, still under U.S. government scrutiny for its Chinese ownership, is moving closer to becoming a marketplace for buying stuff. Canadian e-commerce platform Shopify said Tuesday it’s made a deal with TikTok enabling merchants to create “shoppable” video ads that drive customers to online stores. Walmart’s planned investment is part of a government-forced deal that …

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TikTok’s fate coming to a head
4 years, 2 months ago

TikTok’s fate coming to a head

Live Mint  

This weekend could be pivotal for TikTok and its partners, who are working to avert a looming U.S. ban on downloads of the popular video-sharing app and see through a deal that meets the approval of the American and Chinese governments. Mr. Trump has said that potential Chinese government access to TikTok’s data on U.S. users could pose a national …

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TikTok ban: Here’s the latest on the app’s fate
4 years, 2 months ago

TikTok ban: Here’s the latest on the app’s fate

CNN  

Hong Kong CNN Business — A US ban on TikTok could start on Sunday.Maybe. On Thursday, a US judge ordered the Trump administration to either postpone itsban on TikTok or respond by Friday afternoon to a request from the app’s parent company, ByteDance, to temporarily block the ban. Trump has for weeks threatened to ban TikTok, which is owned by …

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Trump says ByteDance can’t keep control of TikTok in Oracle deal
4 years, 3 months ago

Trump says ByteDance can’t keep control of TikTok in Oracle deal

Live Mint  

President Donald Trump said he would rescind his tentative blessing for a deal between Oracle Corp. and ByteDance to create a new US-based TikTok service if the Chinese company retains control of the operation. “They will have nothing to do with it, and if they do, we just won’t make the deal,” Trump said, referring to ByteDance, which owns TikTok. …

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TikTok deal could still be pulled and app ban reinstated if Chinese owner retains any control, Trump says
4 years, 3 months ago

TikTok deal could still be pulled and app ban reinstated if Chinese owner retains any control, Trump says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The deal to sell TikTok to Oracle and Walmart, and avert a ban, …

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China's ByteDance says TikTok will be its subsidiary under deal with Trump
4 years, 3 months ago

China's ByteDance says TikTok will be its subsidiary under deal with Trump

The Hindu  

China's ByteDance said on Monday that TikTok's global business will become its subsidiary, even as Oracle Corp and Walmart Inc said over the weekend that they and U.S. investors would own the majority of the video app following a deal with U.S. President Donald Trump's administration. ByteDance in its statement on Monday said it was a “rumor” that U.S. investors …

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Fresh doubts over TikTok deal as ByteDance says it will retain majority ownership
4 years, 3 months ago

Fresh doubts over TikTok deal as ByteDance says it will retain majority ownership

The Telegraph  

Doubts have been cast over the latest TikTok deal after its Chinese owner insisted it will maintain majority control, and Chinese state media claimed that the government will not approve its sale. Hu Xijin, editor in chief of the Global Times, a state-run Chinese newspaper, said on Monday that Beijing would not approve an agreement between ByteDance,TikTok’s parent company, and …

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US Ban On TikTok In App Stores Postponed Until Sept 27; President Trump Says Oracle Deal Has His 'Blessing'
4 years, 3 months ago

US Ban On TikTok In App Stores Postponed Until Sept 27; President Trump Says Oracle Deal Has His 'Blessing'

ABP News  

Every American Will Get Covid-19 Vaccine By April 2021 Says US President Donald Trump The US Department of Commerce has announced that the TikTok ban in App Stores has been postponed "in light of recent positive developments".The US Department of Commerce had on Friday stated that the distribution of TikTok on app stores like the Apple App Store and Google …

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Donald Trump backs Oracle deal, allowing TikTok to continue to operate in US
4 years, 3 months ago

Donald Trump backs Oracle deal, allowing TikTok to continue to operate in US

Live Mint  

U.S. President Donald Trump said he supports a deal that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August. He told reporters at the White House he backs the deal with TikTok owner ByteDance, Oracle and Walmart to create a new company that will assume TikTok's U.S. operations called …

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SoftBank is said to consider bid for TikTok in India: Report
4 years, 3 months ago

SoftBank is said to consider bid for TikTok in India: Report

Live Mint  

SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter. Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has held talks with the heads of India’s Reliance Jio Infocomm Ltd. and Bharti …

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TikTok likely to announce sale of its US business today
4 years, 3 months ago

TikTok likely to announce sale of its US business today

India Today  

The mystery around TikTok’s new heir in the US might get unraveled today. Along with the US operations, the fate of TikTok’s New Zealand and Australian operations will be decided today if an announcement is made. As per a report by CNBC, Bytedance could finally reach a conclusion with the top three contenders including Oracle, Walmart, and Microsoft “as soon …

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Walmart wants to buy TikTok. Here’s why
4 years, 3 months ago

Walmart wants to buy TikTok. Here’s why

CNN  

Hong Kong CNN Business — Walmart is a 58-year-old American company known for big box stores that sell everyday goods, casual clothing, groceries and TVs. But analysts who have watched the meteoric rise of social commerce in China — a mash up of social media activity and frenzied online shopping — say Walmart’s interest in TikTok makes perfect sense. “To …

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Walmart is joining Microsoft in the pursuit of TikTok
4 years, 3 months ago

Walmart is joining Microsoft in the pursuit of TikTok

CNN  

New York/Hong Kong/Washington CNN Business — Walmart is partnering with Microsoft in an attempt to buy TikTok, as the popular yet embattled short-form video app seeks a US buyer amid intense political scrutiny. “We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators,” The …

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