Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
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Re: Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
#2I can't believe business deals with such explicit political motivations are being considered.
Re: Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
#3Non-walled link to TechCrunch coverage:
https://techcrunch.com/2020/08/01/bytedance-and-microsoft-of...
Re: Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
#4I'm applying to work at ByteDance, and this whole thing is quite interesting.
I'd most likely, if I get an offer, ask if they would wait to see how this plays out. Last thing I would want to do is join a company that's having these kind of issues.
Re: Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
#5I can't believe business deals with such explicit political motivations are being considered.
The new thing is the explicitness of the political motivations. There are plenty of countries where if you want to have a sufficiently large business, you have to pay off all the people with their hands out, right up the chain. And that's what this is.
(The fact that this is illegal in the US and even for US companies to do abroad under FCPA will, I suspect, be rendered irrelevant)
Re: Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
#6I wonder if the "deal" was going to be just "we'll run your US infrastructure (and keep data) in the US, on Azure, and we split the money" rather than a buyout ? That would make more sense to me.
So more like "Microsoft will invest X billion for a Y% of TikTok and run its US operations".
You could satisfy the US government that Microsoft was guaranteeing the data would not be shipped to China.
Re: Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
#7I wonder if the "deal" was going to be just "we'll run your US infrastructure (and keep data) in the US, on Azure, and we split the money" rather than a buyout ? That would make more sense to me. So more like "Microsoft will invest X billion for a Y% of TikTok and run its US operations". You could satisfy the US government that Microsoft was guaranteeing the data would not be shipped to China.
I thought Trump already said no to that plan.
Re: Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
#8I wonder if the "deal" was going to be just "we'll run your US infrastructure (and keep data) in the US, on Azure, and we split the money" rather than a buyout ? That would make more sense to me. So more like "Microsoft will invest X billion for a Y% of TikTok and run its US operations". You could satisfy the US government that Microsoft was guaranteeing the data would not be shipped to China.
I thought Trump already said no to that plan.
Yeah and the article also says that it was an actual buyout of Bytedance's share. oh well. interesting times.
Re: Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
#9I can't believe business deals with such explicit political motivations are being considered.
The new thing is the explicitness of the political motivations. There are plenty of countries where if you want to have a sufficiently large business, you have to pay off all the people with their hands out, right up the chain. And that's what this is. (The fact that this is illegal in the US and even for US companies to do abroad under FCPA will, I suspect, be rendered irrelevant)
Bribes are about money, this appears to be about media control. Much worse.
Re: Microsoft and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition
#10This is just wild. What will happen when or if a president of a different party is elected?