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ByteDance is more likely to miss the deadline imposed by the Trump administration for the sale of TikTok’s US belongings as new Chinese rules have difficult deal talks with bidders Microsoft Corp and Oracle Corp, Bloomberg reported on Thursday.
The firm possible wants past the US govt order ban on September 20 to succeed in an settlement with both of the events as a result of Chinese regulatory overview, the report mentioned, citing individuals acquainted with the matter.
ByteDance didn’t instantly reply to a Reuters request for remark.
The Trump administration is searching for to ban TikTok except ByteDance sells the short-video app’s US operations, citing potential nationwide safety danger as a result of huge quantity of personal information the app is compiling on US customers.
ByteDance has mentioned the Chinese authorities doesn’t have any jurisdiction over TikTok content material.
(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
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