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Concerns for TikTok Deal — NewYorkTimes.com

Posted on August 31, 2020
Photo by Hello I’m Nik 🎞 on Unsplash

The attempt by Walmart and Microsoft to acquire TikTok U.S. may face difficulties with the Chinese government:

“Beijing’s last-minute assertion of authority is an unexpected wrinkle for a deal as two groups race to buy TikTok’s U.S. operations before the Trump administration bans the app. Taken together, the rule change and the commentary in official media signaled China’s intention to dictate terms over a potential deal, though experts said it remained unclear whether the Chinese government would go as far as to sink it.”

P.S. Walmart is taking on new technology challenges. Need help understanding it all? Our experts can help. Contact us today.

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