https://sputniknews.com/20230317/tiktok-reportedly-in-talks-to-sell-us-stake-amid-ban-threat-from-biden-white-house-1108487586.html
TikTok Reportedly in Talks to Sell US Stake Amid Ban Threat From Biden White House
TikTok Reportedly in Talks to Sell US Stake Amid Ban Threat From Biden White House
TikTok is in talks with potential buyers after the Biden administration threatened to ban the platform nationwide if Chinese owners did not sell their stakes, US media reported citing sources familiar with the matter.
2023-03-17T01:58+0000
2023-03-17T01:58+0000
2023-03-17T01:58+0000
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tiktok
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us-china trade war
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The report said on Thursday that TikTok is considering exploring different options, including potential deals that were under consideration when former President Donald Trump threatened to ban the app in 2020.The source did not provide additional details about what possible deals are under consideration, but pointed out that a proposal under the Trump administration was for software giant Oracle, owned by billionaire Larry Ellison, and Walmart to partner to own a US TikTok subsidiary that would control all US user data.Last week, National Security Advisor Jake Sullivan said the White House supports an effort in the US Congress to pass legislation granting new authorities to address threats posed by foreign technology, such as TikTok, to the US.The legislation, according to the White House, would empower the US government to prevent certain foreign governments from exploiting technology services operating in the US in a way that poses risks to Americans’ sensitive data and US national security. The legislation comes amid concerns about ties between TikTok and the Chinese government.The ban on TikTok and WeChat was part of a long-running diplomatic and trade war waged by the Trump administration against China prior to Biden’s term, which began in January 2021.
https://sputniknews.com/20230307/from-tiktok-to-chinese-sranes-what-else-is-there-that-us-is-not-afraid-of-1108146710.html
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chinese owners of tiktok, a possible us ban of tiktok, a us federal law to ban tiktok on government official devices, tiktok in talk about selling us stakes, tiktok will sell us assets, biden administration against tiktok
chinese owners of tiktok, a possible us ban of tiktok, a us federal law to ban tiktok on government official devices, tiktok in talk about selling us stakes, tiktok will sell us assets, biden administration against tiktok
WASHINGTON (Sputnik) – TikTok is in talks with potential buyers after the Biden administration threatened to ban the video-sharing platform nationwide if Chinese owners did not sell their stakes, US media reported citing sources familiar with the matter.
The report said on Thursday that TikTok is considering exploring different options, including potential deals that were under consideration when former President Donald Trump threatened to ban the app in 2020.
The source did not provide additional details about what possible deals are under consideration, but pointed out that a proposal under the Trump administration was for software giant Oracle, owned by billionaire Larry Ellison, and Walmart to partner to own a US TikTok subsidiary that would control all US user data.
Last week, National Security Advisor Jake Sullivan said the White House supports an effort in the US Congress to pass legislation granting new authorities to address threats posed by foreign technology, such as TikTok, to the US.
The legislation, according to the White House, would empower the US government to prevent certain foreign governments from exploiting technology services operating in the US in a way that poses risks to Americans’ sensitive data and US national security. The legislation comes amid concerns about ties between TikTok and the Chinese government.
The ban on TikTok and WeChat was part of a long-running diplomatic and trade war waged by the Trump administration against China prior to Biden’s term, which began in January 2021.
