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ByteDance Prepared to Shut Down TikTok in US Rather Than Sell, Here Is Why

Should legal avenues to fight this legislation be exhausted, ByteDance is inclined to shut down TikTok rather than sell it, according to a new Reuters report., Technology & Science News - Times Now

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ANALYSIS-NYCB faces tough choices on CRE loans, balance sheet diversification

NYCB-COMMERCIAL REAL ESTATE/LOANS

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China's ByteDance Prefers TikTok Shutdown in US If Legal Options Fail, Sources Say

China's ByteDance Prefers TikTok Shutdown in US If Legal Options Fail, Sources Say
newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.

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TikTok: ByteDance prefers to shutdown app in U.S. than sell

TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.

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Buyer's Market: Experts Ponder What Company Could Buy China's TikTok Preventing Ban

While President Joe Biden signed legislation on Wednesday that would force Chinese tech giant ByteDance to sell TikTok in nine months or else be banned in the United States, the question of who could actually swoop in and buy the social media platform remains.

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Exclusive-ByteDance prefers TikTok shutdown in US if legal options fail, sources say

HONG KONG (Reuters) -TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. The algorithms TikTok relies on for its operations are deemed core to ByteDance's overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent. TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst case scenario than sell it to a potential American buyer, they said.

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NYCB faces tough choices on CRE loans, balance sheet diversification

New York Community Bancorp
will have to lure buyers for its commercial real estate
loans with steep discounts and diversify its revenue as it races
to shore up its finances.
The bank's...

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Analysis-NYCB faces tough choices on CRE loans, balance sheet diversification

By Niket Nishant and Manya Saini (Reuters) - New York Community Bancorp will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances. The bank's new managem...

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Analysis-NYCB Faces Tough Choices on CRE Loans, Balance Sheet Diversification

Analysis-NYCB Faces Tough Choices on CRE Loans, Balance Sheet Diversification
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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US lawmakers pass bill possibly banning TikTok

US Senators finalized legislation that included a potential ban on TikTok

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