After finessing regulators and stroking egos to get this deal done, Microsoft will rightfully expect a big discount if it buys TikTok. The size of that discount will prove CEO Satya Nadella’s worth.
TikTok owner ByteDance has accused Facebook of plagiarism and smears, and said it faced “complex and unimaginable difficulties” as it worked to grow into global company.
US President Donald Trump agreed to allow Microsoft to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said.
President Donald Trump will take action shortly on Chinese software companies that are feeding data directly to the Beijing government, posing a risk to US national security, secretary of state Mike Pompeo said.
President Donald Trump said on Friday he would sign an executive order as soon as Saturday to ban TikTok in the US, ratcheting up the pressure on the popular short-video app’s Chinese owner to sell it.
China’s government blasted the US for flouting the rules of global trade and business by threatening to ban TikTok, in Beijing’s strongest defence yet of ByteDance’s viral video app.
At Wednesday’s antitrust hearing, Facebook CEO Mark Zuckerberg is set to tell the US congress his company is an American success story crucial in winning an Internet arms race against China. TikTok’s CEO is already striking back.
Zhang Yiming is the little-known Chinese entrepreneur who built TikTok into one of the most promising franchises on the Internet. Now the brainy, combative founder is under pressure to save the business.