TikTok<\/a> is pressing forward with plans for a sale of its U.S. operations ahead of a mid-September deadline, according to a person familiar with the matter, even as signs emerge that the video-sharing app is facing pressure to shut down rather than make a deal.
The app, owned by China’s ByteDance<\/a> Ltd., is still considering bids from two possible buyers -- Oracle Corp. and Microsoft<\/a> Corp., which has teamed up with Walmart<\/a> Inc. TikTok intends to bring a proposal to the White House<\/a> for approval before a deadline imposed by U.S. President Donald Trump<\/a>, said the person, who asked not to be identified discussing internal plans. It will then be up to the Trump administration to approve a deal.
Reuters on Friday reported that the Chinese government has privately expressed that it would rather ByteDance close TikTok in the U.S. than be forced to sell its U.S. assets. In response to the report, a TikTok spokesman said, “the government has never suggested to us that we should shut down TikTok in the U.S. or any other market.”
TikTok has been at the center of deal negotiations and a political debate since early August, when Trump threatened to ban the app from the U.S., citing national security concerns. He then ordered it sold and has said he wants a deal by Sept. 15. Later that month, the Chinese government announced a handful of new restrictions around the sale of certain technologies, which has slowed a possible deal.
Part of the confusion around sealing any deal is the number of interested parties that TikTok’s parent company must satisfy. Not only does it have to come to agreeable terms with an acquirer, as well as its profit-seeking venture capital backers, ByteDance also must find a way to please both the Chinese and U.S. governments. In China, ceding a top technology asset in the middle of a contentious battle with the U.S. is seen as unpatriotic. Within the Trump administration, certain advisers are pushing for an all-out shutdown of TikTok rather than a sale to an American company.
China’s U.S. embassy referred Bloomberg to comments made Friday by Zhao Lijian, a spokesperson for the Chinese foreign ministry. “The U.S. should immediately correct its mistakes and stop its unjustifiable suppression on Chinese companies and other non-U.S. companies,” he said. “The Chinese side retains the right to take all necessary measures to safeguard the legitimate rights and interests of the Chinese companies.”
It also remains unclear which deal deadline TikTok has to abide by. The company is working toward a Sept. 20 deadline to provide something to the Trump administration, one person close to the company said, sticking with the 45-day timeline imposed in an executive order signed by Trump Aug. 6. But Trump has been insisting on a Sept. 15 deadline in media comments. TikTok also faces a November deadline to divest its U.S. assets in an order based on a recommendation from an interagency national security panel, the Committee on Foreign Investment in the U.S., or CFIUS.
The companies involved in the negotiations were focused on getting a preliminary agreement by Sept. 20, and completing the sale by December, said one person familiar with the matter. But China’s move to assert authority over a sale upended talks, said the person, and now it’s uncertain whether that deadline can be met. Whether a deal can be struck will depend on ByteDance navigating a difficult negotiation that wins support from China and the Trump administration, said the person.
(With assistance from Ben Brody and David McLaughlin.)<\/em>
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库尔特·瓦格纳和雪莱班卓琴
TikTok是紧迫的推进计划出售其美国业务,最后期限9月中旬,据知情人士透露,尽管迹象出现,视频分享应用程序正面临压力,关闭,而不是做个交易。
的应用,属于中国ByteDance有限公司仍在考虑从两个可能的买家——甲骨文公司和报价微软公司联手沃尔玛Inc . TikTok打算提议白宫批准美国总统规定的截止日期之前唐纳德·特朗普,这个人说,他不愿透露姓名的内部讨论计划。它将超过政府批准交易。
路透社周五报道称,中国政府已私下表示,在美国它宁愿ByteDance接近TikTok比被迫出售其在美国的资产。TikTok发言人在回应这份报告说,“美国政府从未建议,我们应该关闭TikTok在美国或任何其他市场。”
TikTok已经交易谈判和政治辩论的中心自8月初以来,当特朗普威胁禁止应用程序从美国援引国家安全方面的担忧。然后他下令出售,并于9月15日曾表示,他希望达成协议。这个月晚些时候,中国政府宣布了一些新的限制在特定的销售技术,减缓了可能的交易。
混乱的一部分在密封任何交易是当事人的数量TikTok母公司必须满足。它不仅有令人愉快的接受收购人,以及其风险资本逐利的支持者,ByteDance也必须找到一个方法来请中国和美国政府。在中国,分出一个顶级技术资产的一个有争议的战争与美国被认为是不爱国的。特朗普政府内部,某些顾问正在推动全面关闭TikTok而不是出售给一家美国公司。
中国美国大使馆被彭博赵Lijian周五的言论,中国外交部发言人。“美国应该立即纠正错误,停止对中国公司和其他外国不合理的抑制。公司,”他说。“中方保留有权采取一切必要措施,维护中国企业的合法权益。”
它还尚不清楚这协议期限TikTok必须遵守。公司致力于最后期限9月20日提供的东西胜过政府,一位接近该公司的人士说,坚持45天时间在签署一项行政命令实施超过8月6日。但Trump一直坚持媒体评论中9月15日的最后期限。TikTok还面临着11月最后期限剥离其美国资产在订单的基础上从一个跨部门的国家安全小组建议,美国外国投资委员会或外国投资委员会。
公司参与谈判的关注的是获得一个初步协议,9月20日和12月完成销售,一位知情人士表示。但中国移动坚持会谈在出售颠覆权威,说的人,现在不确定是否可以满足最后期限。是否可以达成了协议,将取决于ByteDance导航艰难的谈判,得到了中国和特朗普政府的人说。
从本·布罗迪和大卫·麦克劳克林(援助)。
TikTok是紧迫的推进计划出售其美国业务,最后期限9月中旬,据知情人士透露,尽管迹象出现,视频分享应用程序正面临压力,关闭,而不是做个交易。
的应用,属于中国ByteDance有限公司仍在考虑从两个可能的买家——甲骨文公司和报价微软公司联手沃尔玛Inc . TikTok打算提议白宫批准美国总统规定的截止日期之前唐纳德·特朗普,这个人说,他不愿透露姓名的内部讨论计划。它将超过政府批准交易。
路透社周五报道称,中国政府已私下表示,在美国它宁愿ByteDance接近TikTok比被迫出售其在美国的资产。TikTok发言人在回应这份报告说,“美国政府从未建议,我们应该关闭TikTok在美国或任何其他市场。”
TikTok已经交易谈判和政治辩论的中心自8月初以来,当特朗普威胁禁止应用程序从美国援引国家安全方面的担忧。然后他下令出售,并于9月15日曾表示,他希望达成协议。这个月晚些时候,中国政府宣布了一些新的限制在特定的销售技术,减缓了可能的交易。
混乱的一部分在密封任何交易是当事人的数量TikTok母公司必须满足。它不仅有令人愉快的接受收购人,以及其风险资本逐利的支持者,ByteDance也必须找到一个方法来请中国和美国政府。在中国,分出一个顶级技术资产的一个有争议的战争与美国被认为是不爱国的。特朗普政府内部,某些顾问正在推动全面关闭TikTok而不是出售给一家美国公司。
中国美国大使馆被彭博赵Lijian周五的言论,中国外交部发言人。“美国应该立即纠正错误,停止对中国公司和其他外国不合理的抑制。公司,”他说。“中方保留有权采取一切必要措施,维护中国企业的合法权益。”
它还尚不清楚这协议期限TikTok必须遵守。公司致力于最后期限9月20日提供的东西胜过政府,一位接近该公司的人士说,坚持45天时间在签署一项行政命令实施超过8月6日。但Trump一直坚持媒体评论中9月15日的最后期限。TikTok还面临着11月最后期限剥离其美国资产在订单的基础上从一个跨部门的国家安全小组建议,美国外国投资委员会或外国投资委员会。
公司参与谈判的关注的是获得一个初步协议,9月20日和12月完成销售,一位知情人士表示。但中国移动坚持会谈在出售颠覆权威,说的人,现在不确定是否可以满足最后期限。是否可以达成了协议,将取决于ByteDance导航艰难的谈判,得到了中国和特朗普政府的人说。
从本·布罗迪和大卫·麦克劳克林(援助)。
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