Trump to give TikTok's Chinese owner 45 days to reach deal to sell

[F-22Raptor]

(Reuters) - President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday.

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea of a sale to Microsoft.

But following a discussion between Trump and Microsoft CEO Satya Nadella, the Redwood, Washington-based company said in a statement that it would continue negotiations to acquire TikTok from ByteDance, and that it aimed to reach a deal by Sept. 15.

It was not immediately clear what changed Trump’s mind. Several prominent Republican lawmakers put out statements in the last two days urging him to back a sale of TikTok to Microsoft.

The negotiations between ByteDance and Microsoft will be overseen by the Committee on Foreign Investment in the United States, a U.S. government panel that has the right to block any agreement, according to the sources, who requested anonymity ahead of a White House announcement.

“Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” Microsoft said in a statement.

ByteDance and the White House did not immediately respond to requests for comment.

Under the proposed deal, Microsoft said it would take over TikTok’s operations in the United States, Canada, Australia and New Zealand. It said it would ensure that all private data of TikTok’s American users is transferred to and remains in the United States.

Microsoft may invite other American investors to acquire minority stakes in TikTok, the company added. About 70% of ByteDance investors come from the United States.

https://www.reuters.com/article/us-...s-to-reach-deal-to-sell-sources-idUSKBN24Y0UD

 

[FairAndUnbiased]

They'll sell the brand, app skin and servers, but not the core IP: the video recommendation system.

Everyone is happy: US gets TikTok's shell in the US, ByteDance keeps the core. They'll make a new "international" TikTok, and everyone wins.

 

[8888888888888]

Trump is getting irrelevant because he is not winning November 2020.

 

[PeacefulWar]

They'll sell the brand, app skin and servers, but not the core IP: the video recommendation system.

Everyone is happy: US gets TikTok's shell in the US, ByteDance keeps the core. They'll make a new "international" TikTok, and everyone wins.

It's the user base not the "recommendation algo" matters for a social app.
Also there are no future for our social app/website anyway as long as our stupid censorship exists.

 

[F-22Raptor]

Interesting that Microsoft will also take over operations in Canada, Australia, and New Zealand.

 

[ToddBing]

It's the user base not the "recommendation algo" matters for a social app.
Also there are no future for our social app/website anyway as long as our stupid censorship exists.

Without our stupid censorship, our media will be as stupid as Indian medias.
I'd rather have those stupid censorship rather than rumors everywhere.

 

[PeacefulWar]

Without our stupid censorship, our media will be as stupid as Indian medias.
I'd rather have those stupid censorship rather than rumors everywhere.

Now please express your support to our censorship back in China platforms, see if you can even publish it LOL

 

[Nilgiri]

Without our stupid censorship, our media will be as stupid as Indian medias.
I'd rather have those stupid censorship rather than rumors everywhere.

There ya go @Joe Shearer , from the horse's mouth.

 

[Yongpeng Sun-Tastaufen]

Even if Microsoft buys TikTok for 50 billion USD, the next day ByteDance can make a better TikTok. AFAIK, ByteDance is not for sale.

 

[Yongpeng Sun-Tastaufen]

Trump is getting irrelevant because he is not winning November 2020.

Plus he's going to jail for unleashing COVID bio weapon on his own people in order to frame China.

 

[FairAndUnbiased]

It's the user base not the "recommendation algo" matters for a social app.
Also there are no future for our social app/website anyway as long as our stupid censorship exists.

The recommendation algorithm is the key IP that makes TikTok, TikTok. Everything else would just be a shit reskin.

 

[Yongpeng Sun-Tastaufen]

Give a man a fish, he can eat for a day. Teach a man how to fish, he can eat for a life time. ByteDance easily makes improved versions of TikTok. Microsoft buying TikTok brand for 50 billion USD is no use. Microsoft can buy the brand, but Microsoft can't develop the software.

 

[PeacefulWar]

The recommendation algorithm is the key IP that makes TikTok, TikTok. Everything else would just be a shit reskin.

I don't agree this.
It's the new/creative idea that makes Tiktok success and grab huge amount of users. Just like other successful social platforms.
What alien techs do you think Facebook and Twitter have?

 

[Yongpeng Sun-Tastaufen]

I don't agree this.
It's the new/creative idea that makes Tiktok success and grab huge amount of users. Just like other successful social platforms.
What alien techs do you think Facebook and Twitter have?

Most of the engineers in the US are Indians and Chinese. White men are pretty laid back.

 

[FairAndUnbiased]

I don't agree this.
It's the new/creative idea that makes Tiktok success and grab huge amount of users. Just like other successful social platforms.
What alien techs do you think Facebook and Twitter have?

Data farming and packaging. The social media aspect is their side business.