{"id":80807,"date":"2020-10-02T20:10:16","date_gmt":"2020-10-02T17:10:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/final-tiktok-deal-could-be-delayed-until-after-november-election\/"},"modified":"2020-10-02T20:10:16","modified_gmt":"2020-10-02T17:10:16","slug":"final-tiktok-deal-could-be-delayed-until-after-november-election","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/final-tiktok-deal-could-be-delayed-until-after-november-election\/","title":{"rendered":"#Final TikTok deal could be delayed until after November election"},"content":{"rendered":"

“#Final TikTok deal could be delayed until after November election<\/strong>”
\n<\/p>\n

\n TikTok\u2019s clock is moving awfully slow.<\/p>\n

Negotiations to keep the video-sharing app<\/a> alive in the US could stretch into November as its Chinese owner irons out kinks in its proposed partnership with two American companies, a new report says.<\/p>\n

President Trump gave his \u201cblessing\u201d almost two weeks ago to the deal that would create a new US-based entity called TikTok Global, partially owned by Oracle and Walmart, in an attempt to address the White House\u2019s national security concerns.<\/p>\n

But the companies involved are preparing for the formal approval process to continue beyond the Nov. 3 presidential election as TikTok parent ByteDance works to finalize its proposal with the Committee on Foreign Investment in the US, a key government panel that has to approve the deal, Bloomberg News reported<\/a> early Friday.<\/p>\n

That would be cutting it close to a Nov. 12 deadline Trump has set for Beijing-based ByteDance to divest TikTok\u2019s American operations or else have the app shut down in the US. That deadline could be moved if the talks last into November, according to the news<\/a> service.<\/p>\n

There are several issues that have yet to be settled, including Chinese ownership of TikTok Global, data security questions and the possible creation of a $5 billion education fund requested by Trump, the report says.<\/p>\n

California-based software firm Oracle, meanwhile, is still trying to work out \u201cfine-print terms\u201d of the deal, according to Bloomberg. It\u2019s also uncertain how Trump testing positive for the coronavirus will affect the timeline.<\/p>\n

Representatives for Oracle and TikTok did not immedia<\/a>tely respond to requests for comment Friday.<\/p>\n

The rush to save TikTok was sparked by Trump\u2019s August threat to ban the app over concerns that its user data could be shared with the Chinese government, allegations TikTok has denied.<\/p>\n

The deal announced last month would see Oracle and retail giant Walmart take a combined 20 percent stake in TikTok Global, which would have four Americans on its five-member board of directors.<\/p>\n

While ByteDance has claimed it would own the remaining 80 percent, a source familiar with the deal has told The Post that Americans \u2014 including ByteDance\u2019s existing US investors \u2014 would hold a majority of TikTok Global\u2019s equity.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Final TikTok deal could be delayed until after November election” TikTok\u2019s clock is moving awfully slow. Negotiations to keep the video-sharing app alive in the US could stretch into November as its Chinese owner irons out kinks in its proposed partnership with two American companies, a new report says. President Trump gave his \u201cblessing\u201d almost…<\/p>\n","protected":false},"author":1,"featured_media":80808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/TikTok-corp.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[73973,4973,71862,47912],"class_list":["post-80807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-2-20","tag-china","tag-deals","tag-tiktok"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/80807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=80807"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/80807\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/80808"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=80807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=80807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=80807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}