Beijing time September 12th, according to Bloomberg news, people familiar with the matter said that the tiktok overseas TikTok is pushing ahead with the plan to sell us business ahead of the September 20th deadline.
TikTok is still considering the bid from two potential buyers, Oracle Corp and Microsoft Corp (WAL-MART). Tiktok intends to submit the sale proposal to the White House for approval before the deadline set by President trump, and the rest depends on whether the trump administration will approve the agreement, according to people familiar with the matter. Trump previously asked tiktok to sell its U.S. business on national security grounds, and said he hoped to reach a sale agreement on September 15. At the end of last month, China introduced new export restrictions on specific technologies, delaying potential deals with tiktok. < / P > < p > it is not clear which deadline tiktok will comply with. Tiktok is trying to submit the sale agreement to the trump administration by the September 20 deadline, insisting on the 45 day deadline set by trump when he signed the executive order on August 6, according to people familiar with the matter. However, trump has insisted in media interviews that the deadline is September 15. Tiktok also faces another deadline: divestiture of U.S. assets in November, an executive order signed by trump on the advice of the US Council on foreign investment (CFIUS). < / P > < p > according to people familiar with the matter, the negotiating parties are focusing on reaching a preliminary agreement by September 20 and then completing the sale by December. But given China’s new export technology restrictions, it is not clear whether the parties will be able to meet the deadline. Whether the final agreement can be reached depends on whether byte hopping can complete a tough negotiation and win the support of Chinese and American governments. At the same time, tiktok has to agree on terms that satisfy the acquirer and the VCs that support it. Didi Qingju bicycle has entered 150 cities