TikTik - National security or daylight robbery

TikTok signs deal to sell US unit to American investor-led venture

The deal would end years of efforts to force the app's Chinese parent ByteDance to divest its US business over national security concerns.

WASHINGTON: TikTok's Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80 per cent of the company's US assets to American and global investors to avoid a US government ban, TikTok CEO Shou Zi Chew told employees on Thursday (Dec 18).

The deal is a major step toward resolving years of uncertainty about the short video app's future in the United States since August 2020, when then President Donald Trump first tried unsuccessfully to ban the app that is now used regularly by more than 170 million Americans....

The deal, set to close on Jan 22, would end years of efforts to force the app's Chinese parent ByteDance to divest its US business over national security concerns.

The US joint venture will be 50 per cent held by a consortium of new investors, including Oracle, Silver Lake and MGX with 15 per cent each, 30.1 per cent held by affiliates of certain existing investors of ByteDance, and 19.9 per cent will be retained by ByteDance, the memo said.  REUTER

We lie, we cheat, we steal and we kill. This is the way the American terrorists behave. Very responsible behaviour that all countries should learn and follow. Using an easily available app for small businesses, pleasure and fun is a national security threat to America, the number one Empire in the world. Is TikTok selling nuclear weapons or WMD, drugs, poison or any prohibited or banned stuff? How can anyone believe in this fabricated lie coming from the thugs and gangsters in Washington?

This is outright robbery, like pointing a gun at TikTok, to sell or else. This is a loser country, unable to create an equally useful and popular app and resorting to stealing. Yes, the Americans are stealing Chinese app, Chinese technology. When you cannot win, cannot make it, lie, cheat and steal it.

This is what is happening to TikTok and what is happening to a failing Empire that is running out of ideas. When are they going to ban DeepSeek? They have already banned all Chinese EVs in America, national security. When the American rogues have to resort to such low down tactics, it speaks a lot about where they are heading.