China Says  It Would Accept a U.S. Shutdown of TikTok

Chinese officials would rather see the app shut down entirely in the U.S. rather than be divested in a sale made under duress. Source: Motley Fool

President Trump placed in mandate against bike dance who owns TikTok to sell itsassets or he would force the shutdown of the app on Sunday September 20th, 2020 . He does not want ByteDance, TikTok’s owner conducting busines with American cities and companies in the United States.

Many suitors such as Walmart (NYSE:WMT),  Microsoft (NASDAQ:MSFT) and Oracle (NYSE:ORCL) have made bids to buy the company. But so far these deals have stalled. There’s a lot of stake when it comes to the data that TikTok gathers.  President Trump says there will be not be an  extension of the TikTok deadline of September 20th, 2020.

Will Microsoft Buy TikTok? Is the Chinese Company Worth $50 Billion?

The United States Government is looking at banning TikTok and other Chinese social apps

 

 

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