YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The prospective buyers of TikTok's U.S. business are pursuing a handful of options after China stalled the deal that could be worth up to $30 billion, sources familiar with the matter told Reuters.
The news comes after China updated its export control rules to restrict the sale of technology used by companies including TikTok to recommend videos to users.
New options on the table may include seeking Chinese approval to pass TikTok’s algorithm to the buyer of its U.S. assets and a possible licensing deal.
Read more from Reuters.
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