China prefers rather to sink TikTok than sell it under pressure

TikTok's sale may not include its magical content algorithm

Trump says he won't extend deadline for US TikTok sale

A new turn of events has been recorded in the TikTok and U.S. government dispute. Operations in Canada, New Zealand and Australia are also part of the deal. Representatives for TikTok, Microsoft and Oracle didn't immediately respond to requests for comment.

Multiple people familiar with the matter have told Reuters that China is in direct opposition to a forced sale of TikTok. "I would take him at his word", Kudlow said, referring to Trump.

Another hangup to the deadline could come as a result of a lawsuit brough against Trump's executive orders by TikTok. After Trump's threats, now the latest news is making rounds that ByteDance may eventually come to an alternate setting with the U.S. government, which would prevent the complete sale of TikTok in the US.

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Who has to approve a deal?

For example, the software code used in ByteDance's apps, including TikTok, are developed by engineers and developers at its Beijing headquarters.

However the deadline could be delayed as courts consider the arguments of Bytedance, TikTok's parent company, for why TikTok should remain in the country. In fact, a new report by analytics firm Sensor Tower said that in August, TikTok was the most downloaded non-gaming app worldwide, with more than 63.3 million installs. That means ByteDance would have to obtain a license to export any restricted technologies to a foreign company.

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If no deal by September 20?

The President has said if a deal isn't done by the specified date then he'll shut down TikTok.

The acquisition of TikTok, which boasts 100 million USA users, offers Microsoft a rare opportunity to become a major competitor to social media giants such as Facebook Inc (FB.O) and Snap Inc (SNAP.N).

When confronted with a ban in India, TikTok chose to shut down voluntarily.

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TikTok's security is also under a magnifying glass in several other countries. The president's order cited the app collecting "vast swaths of information" on its users in his executive order. That was signed on August 6 and stated that TikTok's Chinese parent company, ByteDance needed to sell TikTok to a USA company by September 20. This suggests a deadline of November 12. ByteDance, LLC., has no say whatsoever with its government's decision and how it affects the deals that are now taking place.

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