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Four years ago, when the Trump administration threatened to ban TikTok in the United States, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app's business. Not this time.
Four years ago, when the Trump administration threatened to ban TikTok in the U.S., its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video
Four years ago, when the Trump administration threatened to ban TikTok in the United States, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app's business. Not this time.
ByteDance will undoubtedly put up a legal fight over the law, and will also have a year to find a suitor before getting the boot.
(Bloomberg) -- Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering, Investors BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billion