TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
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Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
#2That's one way to avoid a US ban.
Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
#3That's one way to avoid a US ban.
yeah and I guess it makes sense in the aspect that they're trying to survive however they can.
Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
#4Trump's grudge on Tiktok users apart, could this be a plot of hostile take over?
With all the public threats ByteDance is receiving from president of USA, Msft or any other company which acquires, gets one of the biggest social networking site of the decade at give away price.
Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
#5Trump's grudge on Tiktok users apart, could this be a plot of hostile take over? With all the public threats ByteDance is receiving from president of USA, Msft or any other company which acquires, gets one of the biggest social networking site of the decade at give away price.
We may never know the history definitively, but it's likely the sale would have been under discussion for months, from when politicians were strongly indicating that TikTok's ownership structure wouldn't be acceptable in the long term but hadn't announced any concrete action. These kinds of huge deals can only be constructed so quickly, even under time pressure.
Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
#6That's one way to avoid a US ban.
yeah and I guess it makes sense in the aspect that they're trying to survive however they can.
That seems like a bit of an overreaction on the company’s part though, doesn’t it? It’s not at all clear that the president had a legal avenue to ban the service, and he has certainly said a lot of outlandish things that don’t come to pass.
Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
#7Just echo back on U.S. doesn't have precedents of blocking software in the article. I don't think that's true. U.S. has both means (file request to Apple and Google to pull software off the shelf, remove the domain from root DNS etc) and done these before for piracy and other reasons.
Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
#8That's one way to avoid a US ban.
This is what a lot companies who do business in China have to go through.
For example, Activision-Blizzard are pretty much fully separated from The9, which is the only authorized distributor for World of Warcraft in China.
Edit: Apologies, the source I was looking at was outdated and NetEase is the current distributor for WoW in China.
Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
#9At what point do the big tech companies see the real threat of Trump and begin actively campaigning against him?
Feels like they have immense power if they decided to act politically.
Re: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources
#10Trump's grudge on Tiktok users apart, could this be a plot of hostile take over? With all the public threats ByteDance is receiving from president of USA, Msft or any other company which acquires, gets one of the biggest social networking site of the decade at give away price.
I don’t think it’s at a discount at all. They’re effectively selling it at the height of the market. Even if they cut valuation in half, it’d still be at a significant premium.