The billionaire bought the social media company for $44 billion in October and took it private.
Tag: Mergers, Acquisitions and Divestitures
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Lawmakers Blast TikTok’s CEO for App’s Ties to China, Escalating Tensions
Lawmakers grilled Shou Chew, TikTok’s chief executive, over the app’s ties to its Chinese parent company and its effects on children, as Chinese officials said they opposed a sale of the platform.
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With Beijing Opposing a TikTok Sale, the Biden Administration’s Options Narrow
If the White House can’t force a sale, that would effectively leave it with two options to resolve concerns about the company.
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China Says It Will ‘Firmly Oppose’ Forced Sale of TikTok
China’s commerce ministry publicly rebuked the Biden administration’s efforts to push TikTok’s Chinese ownership to sell the app or face a possible ban in the United States.
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Pulling the Plug on TikTok Will Be Harder Than It Looks
The tensions over the Chinese-owned social media app will come to a head on Thursday, when the company’s chief executive testifies on Capitol Hill.