ByteDance<\/a> Ltd. is increasingly likely to miss a Trump administration deadline for the sale of its TikTok<\/a> US operations after new Chinese regulations complicated negotiations with bidders Microsoft Corp. and Oracle<\/a> Corp., according to people familiar with the matter.

ByteDance probably needs beyond the US executive order ban on Sept. 20 to nail down an agreement with either party because of the regulatory review, said the people, asking not to be identified because the matter is private. In preliminary talks with Chinese officials, ByteDance has been told any proposal must be submitted for approval with detailed information about technical and financial issues, and the review will be substantial and take time, one of the people said. The officials haven’t been willing to give specific guidance on what kind of deal would work, the person said.

Donald Trump<\/a> said Thursday in the US there would be no extension of the deadline.

Microsoft and Oracle, which had submitted proposals before the Chinese regulations hit, both continue to be interested in buying the US arm of the hit video app and have not been dissuaded by Beijing’s involvement, the people said. The bidders have asked ByteDance to get as much clarity as possible from Beijing on the new regulations, which prohibit the export of certain artificial intelligence technologies that TikTok uses, they said.

The parties are still racing to present a preliminary deal to the White House before this month’s deadline, though no agreement could be finalized before Beijing’s signoff. It’s also possible that ByteDance pulls out of a sale altogether if it determines it can’t satisfy both governments, the bidders and its own shareholders.

A company representative offered no immediate comment.

ByteDance founder
Zhang Yiming<\/a> has been caught in a clash between the world’s two preeminent powers. The serial entrepreneur has been reluctant to give up US TikTok from the start because he sees the business as a viable long-term competitor to Facebook Inc.<\/a> and Google<\/a>. He came under pressure to cede control when the Trump administration said it would ban the app and his own venture investors pressed for a sale to salvage some value from the operation.

ByteDance chief reconsiders TikTok options after new China rules<\/strong>
The Trump administration had been considering whether to give more time, but the president’s comments appeared to put an end to such deliberation. “We’ll either close up TikTok in this country for security reasons, or it will be sold,” he told reporters Thursday before boarding the presidential aircraft for a campaign trip to Michigan. “There will be no extension of the TikTok deadline.”

The specific deadline for ByteDance to act remains an open question in the US due to a confusing series of Trump statements and orders. While Trump has said he wants a deal by Sept. 15, the ban on TikTok’s US operations that he signed last month in a bid to force a sale requires the company to act by Sept. 20. A separate decision by the Committee on Foreign Investment in the United States, or CFIUS, requires a sale by mid-November.

ByteDance has sued in the US to block the executive order ban, arguing that putting it out of business without adequate notice and a fair chance to respond deprives it of its due-process rights in violation of the Constitution. The Beijing-based company has also denied its app represents a security threat and said no data from American users is shared with China.

\"\"
<\/span><\/figcaption><\/figure>
TikTok sues Trump to challenge US government restrictions<\/strong>
In negotiations earlier this year, ByteDance had attempted to work out a U.S. sale that would allow it to retain a substantial interest in the American operations, but the Trump administration has pushed back on that idea. Zhang would still like a small slice of the operation, the people said. But Microsoft and its partner in the deal,
Walmart Inc.<\/a>, want full ownership of the business, one person said, while Oracle’s stance isn’t clear.

Analysts and bankers have estimated TikTok’s U.S. business is worth at least $20 billion, although the price would vary widely depending on what is included with the sale. The specific offers from Microsoft, which is teaming up with Walmart Inc., and Oracle, which has won support from venture backers such as Sequoia Capital, could not be determined.

China made its 11th-hour entry into the TikTok process the last weekend of August, just as ByteDance had two offers in hand and planned to review them in hopes of making a final decision by the close of Sunday, a different person said. Beijing’s move blindsided the company, this person said.

Without any discussion or public announcement, China posted notification of new restrictions on the export of artificial intelligence technologies, including speech recognition and techniques for personalizing content. The aim of the rules is not necessarily to block a sale of the U.S. operations, but to ensure Beijing is actively involved and to slow down the process, one person said. The review may well push finalization of any agreement beyond the US elections in November, the person said.

TikTok’s algorithms are not a big sticking point for the bidders, the second person said. Both Microsoft and Oracle have the technical chops to build their own algorithms and would get data to fine-tune them, the person said.

ByteDance’s regulatory team and deal negotiators have discussed whether it’s still possible to craft a sale that can win approval from both governments, an acquirer, venture investors and ByteDance itself.

TikTok owner’s value exceeds $100 billion in private markets<\/strong>
Zhang is still operating from a position of strength. Privately held ByteDance is already worth $140 billion, according to startup tracker CB Insights, and is said to have generated more than $3 billion of net profit on more than $17 billion of revenue in 2019.

Investment bankers have begun pitching Zhang’s team on going public in China or Hong Kong, even amid growing scrutiny in the US, and demand for initial public offerings from technology companies in the market is surging. Zhang stands to make billions no matter what happens with Trump and TikTok US.
<\/body>","next_sibling":[{"msid":78059138,"title":"401 devices now support 5G: GSA","entity_type":"ARTICLE","link":"\/news\/401-devices-now-support-5g-gsa\/78059138","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"78051450","title":"Bytedance-Reuters","entity_type":"IMAGES","seopath":"small-biz\/startups\/newsbuzz\/bytedance-is-poised-to-miss-us-deadline-for-tiktok-sale\/bytedance-reuters","category_name":"ByteDance is poised to miss US deadline for TikTok sale","synopsis":"ByteDance\u2019s regulatory team and deal negotiators have discussed whether it\u2019s still possible to craft a sale that can win approval from both governments, an acquirer, venture investors and ByteDance itself.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-143592\/78051450.cms?width=150&height=112","link":"\/image\/small-biz\/startups\/newsbuzz\/bytedance-is-poised-to-miss-us-deadline-for-tiktok-sale\/bytedance-reuters\/78051450"}],"msid":78059258,"entity_type":"ARTICLE","title":"ByteDance is poised to miss US deadline for TikTok sale","synopsis":"ByteDance founder Zhang Yiming has been caught in a clash between the world\u2019s two preeminent powers. The serial entrepreneur has been reluctant to give up US TikTok from the start because he sees the business as a viable long-term competitor to Facebook Inc. and Google. ","titleseo":"telecomnews\/bytedance-is-poised-to-miss-us-deadline-for-tiktok-sale","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Bloomberg","artdate":"2020-09-11 17:18:42","lastupd":"2020-09-11 17:19:12","breadcrumbTags":["TikTok Sale","TikTok","Bytedance","Walmart Inc.","Oracle","Facebook Inc.","google","Zhang Yiming","Donald Trump","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/bytedance-is-poised-to-miss-us-deadline-for-tiktok-sale"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-09-11" data-index="article_1">

ByteDance准备想念我们最后期限TikTok出售

ByteDance创始人张翳明卷入了世界上杰出的两个大国之间的冲突。美国企业家一直不愿放弃TikTok从一开始因为他认为商业是一个可行的长期竞争对手Facebook和谷歌。

  • 2020年9月11日更新是05:19点

突出了

  • ByteDance需要超越美国行政命令禁止敲定一项协议与任何一方因为监管审查。
  • 特朗政府此前一直在考虑是否要给更多的时间,但他的言论似乎结束这样的审议。
  • 投标人要求ByteDance得到清晰的从北京新规定。
ByteDance有限公司是越来越有可能错过一个胜过政府出售其期限TikTok美国业务在中国新法规与投标人微软(Microsoft corp .)和复杂的谈判甲骨文公司,据知情人士透露。

ByteDance可能需要超越美国行政命令禁止9月20日敲定一项协议,任何一方由于监管审查,说,人,要求不透露姓名,因为是私人的问题。在与中国官员初步谈判,ByteDance已被告知任何提案必须提交批准的详细信息技术和资金问题,和审查将是丰富的,需要时间,一位知情人士说。官员们不愿意透露具体指导什么样的交易将工作,这位人士说。

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唐纳德·特朗普周四说,在美国就没有延长期限。

微软和甲骨文,提交建议中国法规之前,继续有兴趣购买美国的视频应用,尚未被中国政府参与劝阻,说的人。投标人要求ByteDance得到尽可能多的清晰从北京新法规,禁止出口一定TikTok使用人工智能技术,他们说。

各方仍在竞相向白宫提交一份初步协议在本月的最后期限之前,尽管没有可能达成协议之前,北京的签收。也有可能ByteDance拿出全部出售,如果它决定了它不能满足两国政府,投标人和自己的股东。

一个公司的代表没有立即置评。

ByteDance创始人张翳明卷入了世界上杰出的两个大国之间的冲突。美国企业家一直不愿放弃TikTok从一开始因为他认为商业是一个可行的长期竞争对手Facebook Inc .。谷歌。他受到压力时放弃控制权超过政府表示,将禁止应用程序和他自己的风险投资者要求出售给抢救操作的一些值。

中国新规则后ByteDance首席反思TikTok选项
特朗政府此前一直在考虑是否要给更多的时间,但总统的言论似乎结束这样的审议。“我们要么关闭TikTok在这个国家出于安全原因,或者它将出售,”他告诉记者周四在登机前竞选的总统专机前往密歇根。“不会有扩展TikTok期限。”

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具体期限ByteDance行动仍然是一个悬而未决的问题在美国由于一系列令人困惑的特朗普语句和命令。在特朗普曾表示他希望在9月15日前达成协议,禁止TikTok的美国业务,他上月签署,以迫使销售需要9月20日的公司采取行动。一个单独的外国投资委员会决定在美国,或外国投资委员会,需要凭11月中旬。

ByteDance起诉在美国阻止了行政命令禁止,认为把它的业务没有足够的注意和一个公平的机会回应剥夺了它的正当司法程序的权利违反宪法。北京公司也否认其应用代表着安全威胁,说与中国从美国用户没有数据共享。


TikTok起诉战胜挑战美国政府限制
在今年早些时候的谈判中,ByteDance曾试图解决美国销售,使其保留大量感兴趣的美国业务,但胜过政府推行了这一想法。张仍然像一个小片操作,。但微软和其合作伙伴的协议,沃尔玛公司。,要全部所有权的业务,一个人说,而甲骨文的立场还不清楚。

分析师和银行家估计TikTok的美国商业价值至少200亿美元,虽然价格会相差很大取决于什么是包含在出售。具体提供来自微软,这正与沃尔玛公司,和甲骨文,这赢得了支持从红杉资本等风险的支持者,不能确定。

中国使其第11个小时进入TikTok过程8月最后一个周末,就像ByteDance两个报价,计划检查它们,希望周日做出最终的决定,一个不同的人说。北京移动公司措手不及,这个人说。

没有任何讨论或公告,中国发布通知新的人工智能技术出口限制,包括语音识别和个性化内容的技术。规则的目的不一定是要阻止美国业务的出售,但确保北京积极参与和减缓这一过程中,一个人说。任何协议的审查可能会推动结束在11月美国大选之外,这位人士说。

TikTok算法并不是一个大症结的投标人,第二个人说。微软和甲骨文有能力建立自己的算法和技术将数据调整,这位人士说。

ByteDance的监管团队和交易谈判代表是否还可能讨论工艺销售可以获得两国政府的批准,收购人,风险投资者和ByteDance本身。

TikTok所有者的价值超过1000亿美元的私人市场
张还是操作从一个强势地位。私营ByteDance已经价值1400亿美元,据启动追踪CB的见解,据说产生超过30亿美元的净利润在2019年超过170亿美元的收入。

投资银行家们已经开始投球章子怡的团队在中国或香港上市,在美国,即使在越来越大的关注和需求对科技公司的首次公开发行(ipo)市场正在飙升。张站使数十亿和特朗普和TikTok无论发生什么我们。
  • 发布于2020年9月11日下午05:18坚持
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ByteDance<\/a> Ltd. is increasingly likely to miss a Trump administration deadline for the sale of its TikTok<\/a> US operations after new Chinese regulations complicated negotiations with bidders Microsoft Corp. and Oracle<\/a> Corp., according to people familiar with the matter.

ByteDance probably needs beyond the US executive order ban on Sept. 20 to nail down an agreement with either party because of the regulatory review, said the people, asking not to be identified because the matter is private. In preliminary talks with Chinese officials, ByteDance has been told any proposal must be submitted for approval with detailed information about technical and financial issues, and the review will be substantial and take time, one of the people said. The officials haven’t been willing to give specific guidance on what kind of deal would work, the person said.

Donald Trump<\/a> said Thursday in the US there would be no extension of the deadline.

Microsoft and Oracle, which had submitted proposals before the Chinese regulations hit, both continue to be interested in buying the US arm of the hit video app and have not been dissuaded by Beijing’s involvement, the people said. The bidders have asked ByteDance to get as much clarity as possible from Beijing on the new regulations, which prohibit the export of certain artificial intelligence technologies that TikTok uses, they said.

The parties are still racing to present a preliminary deal to the White House before this month’s deadline, though no agreement could be finalized before Beijing’s signoff. It’s also possible that ByteDance pulls out of a sale altogether if it determines it can’t satisfy both governments, the bidders and its own shareholders.

A company representative offered no immediate comment.

ByteDance founder
Zhang Yiming<\/a> has been caught in a clash between the world’s two preeminent powers. The serial entrepreneur has been reluctant to give up US TikTok from the start because he sees the business as a viable long-term competitor to Facebook Inc.<\/a> and Google<\/a>. He came under pressure to cede control when the Trump administration said it would ban the app and his own venture investors pressed for a sale to salvage some value from the operation.

ByteDance chief reconsiders TikTok options after new China rules<\/strong>
The Trump administration had been considering whether to give more time, but the president’s comments appeared to put an end to such deliberation. “We’ll either close up TikTok in this country for security reasons, or it will be sold,” he told reporters Thursday before boarding the presidential aircraft for a campaign trip to Michigan. “There will be no extension of the TikTok deadline.”

The specific deadline for ByteDance to act remains an open question in the US due to a confusing series of Trump statements and orders. While Trump has said he wants a deal by Sept. 15, the ban on TikTok’s US operations that he signed last month in a bid to force a sale requires the company to act by Sept. 20. A separate decision by the Committee on Foreign Investment in the United States, or CFIUS, requires a sale by mid-November.

ByteDance has sued in the US to block the executive order ban, arguing that putting it out of business without adequate notice and a fair chance to respond deprives it of its due-process rights in violation of the Constitution. The Beijing-based company has also denied its app represents a security threat and said no data from American users is shared with China.

\"\"
<\/span><\/figcaption><\/figure>
TikTok sues Trump to challenge US government restrictions<\/strong>
In negotiations earlier this year, ByteDance had attempted to work out a U.S. sale that would allow it to retain a substantial interest in the American operations, but the Trump administration has pushed back on that idea. Zhang would still like a small slice of the operation, the people said. But Microsoft and its partner in the deal,
Walmart Inc.<\/a>, want full ownership of the business, one person said, while Oracle’s stance isn’t clear.

Analysts and bankers have estimated TikTok’s U.S. business is worth at least $20 billion, although the price would vary widely depending on what is included with the sale. The specific offers from Microsoft, which is teaming up with Walmart Inc., and Oracle, which has won support from venture backers such as Sequoia Capital, could not be determined.

China made its 11th-hour entry into the TikTok process the last weekend of August, just as ByteDance had two offers in hand and planned to review them in hopes of making a final decision by the close of Sunday, a different person said. Beijing’s move blindsided the company, this person said.

Without any discussion or public announcement, China posted notification of new restrictions on the export of artificial intelligence technologies, including speech recognition and techniques for personalizing content. The aim of the rules is not necessarily to block a sale of the U.S. operations, but to ensure Beijing is actively involved and to slow down the process, one person said. The review may well push finalization of any agreement beyond the US elections in November, the person said.

TikTok’s algorithms are not a big sticking point for the bidders, the second person said. Both Microsoft and Oracle have the technical chops to build their own algorithms and would get data to fine-tune them, the person said.

ByteDance’s regulatory team and deal negotiators have discussed whether it’s still possible to craft a sale that can win approval from both governments, an acquirer, venture investors and ByteDance itself.

TikTok owner’s value exceeds $100 billion in private markets<\/strong>
Zhang is still operating from a position of strength. Privately held ByteDance is already worth $140 billion, according to startup tracker CB Insights, and is said to have generated more than $3 billion of net profit on more than $17 billion of revenue in 2019.

Investment bankers have begun pitching Zhang’s team on going public in China or Hong Kong, even amid growing scrutiny in the US, and demand for initial public offerings from technology companies in the market is surging. Zhang stands to make billions no matter what happens with Trump and TikTok US.
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