TikTok Deal Talks Slowed Over New China Rules

Plans to quickly finalize a deal between the Chinese parent company of TikTok and suitors for the app’s U.S. operations have been thrown off track as the parties huddled this weekend to weigh new Chinese restrictions that appear designed to affect a potential sale, according to people familiar with the discussions.

China late on Friday issued new restrictions on the export of artificial-intelligence technology that forced ByteDance Ltd., TikTok’s parent, to slow down talks with companies including Microsoft Corp., Walmart…

Read More

READ MORE:   Hy-Vee recalls 12 more types of packaged salads

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button