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“TikTok, ByteDance sue to block US law seeking sale or ban of app”

“TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or… Continue Reading…

Business

“House passes bill that could lead to a TikTok ban; fight shifts to the Senate”

“The House approved a bill Wednesday that calls for China tech giant ByteDance to divest TikTok or the popular social video app will effectively be banned in the U.S. The measure passed with a resounding 352-65 vote and with one… Continue Reading…

Business

“Taylor Swift’s label UMG to pull music from TikTok, accusing the social media app of bullying”

“Universal Music Group said Wednesday it will cease licensing its music to TikTok and accused the short-form video giant of bullying and intimidation in its contract negotiations. A music licensing agreement between UMG and TikTok, which is owned by Chinese tech… Continue Reading…

Business

“TikTok likely to announce sale of U.S. operations in the coming days in $20 billion to $30 billion range”

“TikTok is nearing a deal to sell its U.S. operations and could announce a deal in the coming days, according to people familiar with the matter. Kevin Mayer, TikTok’s CEO, announced his resignation Thursday after news of the announcement leaked… Continue Reading…

Business

“Microsoft could buy TikTok for as much as $30 billion”

“Microsoft plans to finish its acquisition talks with TikTok within the next three weeks, ahead of the Sept. 15 deadline,  CNBC’s David Faber reported Wednesday. The deal could be worth up to $30 billion. If the deal goes through, Microsoft has already… Continue Reading…