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Blackstone is discussing joining Chinese parent company ByteDance's existing non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in contributing fresh capital ...
TikTok's owner, Chinese technology company ByteDance said on early Saturday morning that it is involved in negotiations with the US government but has yet to execute any agreement. The company ...
ByteDance would retain a minority stake in the new company, but it remains unclear if it would be at the 20% cap allowed by the divestment law President Joe Biden signed last year. Those sources ...
ByteDance, the Chinese company that owns TikTok, must find a non-Chinese buyer for the app or else it will be banned under a law passed in 2024. Trump had previously delayed the app’s ban via ...
US President Donald Trump on Friday extended the deadline for TikTok to find a non-Chinese buyer or face a ban in the United States, allowing 75 more days to find a solution. "My Administration ...
ByteDance representatives called the White House to indicate that China would no longer approve the deal until there could be negotiations about trade and tariffs, said the person, who spoke on ...
with China's ByteDance maintaining a minority position, according to a person familiar with the matter.
"We hope to continue working in Good Faith with China," Californians could still face being cutoff from the app if ByteDance doesn't spin off U.S. operations and/or sell at least 80% of the ...