Bytedance White Tiktokstreetjournal

Bytedance the video sharing apps chinese parent company is in talks with officials over possible arrangements that would avert a full sale of tiktoks us.

Bytedance white tiktokstreetjournal. Its still unclear if the trump administration will be willing to go along with such a solution. Assets or be shut down. And bytedance setting a deadline for the app to find an american buyer by sept. The wall street journal previously reported wednesday that bytedance was working with the us.

San francisco sept 10 chinese internet giant bytedance is in talks with the us about ways it might avoid having to sell its tiktok operations here the wall street journal reported yesterday. 6 the white house issued a vague executive order meant to strangle transactions between people in the us. Oracle ceo larry ellison is a billionaire trump donor left. Tiktok has been at the centre of a diplomatic storm between washington and beijing and president.

Government on ways to avoid a full sale. The discussions have been taking place for months the journal reported and the situation remains remains fluid. It has also been. Bytedance was valued at as much as 140 billion earlier this year when one of its shareholders cheetah mobile sold a small stake in a private deal reuters has reported.

Bytedance told tiktok engineers in a memo this week to draw up plans for shutting down the app in the united states the sources said. Bytedance according to reuters has a valuation of 78 billion and generated more than 7 billion in revenue for the first half of this year. Chinas bytedance has agreed to divest the us operations of tiktok completely in a bid to save a deal with the white house after donald trump said on friday he had decided to ban the popular. Bytedance is nearing the deadline that the white house set for the chinese owned company to sell tiktoks us.