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Digital Music News on MSNAre TikTok Sale Talks Non-Existent? ByteDance Hasn’t Even Started Negotiating With Possible Purchasers, Report SaysAre TikTok sale negotiations nonexistent? About one month out from a divestiture deadline in the U.S., the possibility is once again taking center stage. The subject reentered the media spotlight in reports from Axios and others,
TikTok, ByteDance and Share Buyback
The parent company of TikTok has offered US employees the chance to sell shares they might hold in ByteDance, a privately owned company, which could have a knock-on effect on any eventual sale of the social media app.
At least five class actions claiming that TikTok illegally siphons children's data without parental consent have been filed in California district courts since January, joining a mounting wave of federal and state litigation related to the platform's impact on children's mental health and privacy.
ByteDance's TikTok will invest $8.8 billion in data centres in Thailand over five years, Helena Lersch, TikTok's Vice President of Public Policy, said on Friday at an event in Bangkok.
WASHINGTON (TNND) — Reid Rasner, a Wyoming businessman, said Thursday the Trump administration is taking his offer to buy TikTok “very seriously.” Rasner discussed the bid, for $47.45 billion, during an interview with NBC News anchor Savannah Sellers, who asked him whether the administration has reviewed the offer.
Under his proposed plan, the platform would offer payment tiers for users to buy into the platform as “founding members.”
TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.
The Albanian Cabinet has decided to shut down TikTok, blaming the platform for inciting violence and bullying, especially among children.
President Trump said Thursday that he would “probably” extend the deadline for a sale of China-owned TikTok if terms aren’t reached before a 75-day window for negotiations expires on April
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