deal

Trump’s bid for a piece of Microsoft-TikTok deal could spur legal action

WASHINGTON (Reuters) – President Donald Trump’s unprecedented demand that the United States get a cut of the proceeds from the forced sale of Chinese internet giant ByteDance’s short-video app TikTok is based on an interpretation of U.S law that regulatory lawyers say may be open to challenges.

FILE PHOTO: China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. REUTERS/Florence Lo/Illustration/File Photo

The Committee on Foreign Investment in the United States (CFIUS), a U.S. government panel that reviews deals for potential national security risks, has given ByteDance until Sept. 15 to negotiate a sale of TikTok to Microsoft Corp (MSFT.O), amid concerns over the safety of personal data that the app handles under its Chinese parent.

Microsoft has said it is seeking to buy the assets of TikTok in North America, Australia and New Zealand. It has not disclosed how

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Google’s $2.1 billion Fitbit deal hits roadblock as EU opens probe

FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Google logo in this illustration picture taken, November 8, 2019. REUTERS/Dado Ruvic/File Photo

BRUSSELS (Reuters) – Alphabet (GOOGL.O) unit Google’s bid to take on Apple (AAPL.O) and Samsung (005930.KS) in the wearable technology market by buying Fitbit (FIT.N) hit a hurdle on Tuesday as EU antitrust regulators launched an investigation into the $2.1 billion deal.

The move by the European Commission on Tuesday came despite Google’s pledge last month not to use the fitness tracker’s data for advertising purposes in a bid to address competition concerns.

The EU antitrust enforcer said the deal would further entrench Google’s dominance in online advertising and that Google’s data pledge was insufficient to allay its worries.

“The data collected via wrist-worn wearable devices appears, at this stage of the Commission’s review of the transaction,

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Microsoft nears big bet on TikTok after risky LinkedIn deal shows promise

OAKLAND, Calif. (Reuters) – Microsoft Corp’s potential acquisition of short-video app TikTok carries myriad risks, thrusting it into the politically fraught social media business and Sino-U.S. conflict amid increased scrutiny of big-tech companies.

FILE PHOTO: The Microsoft store is pictured in the Manhattan borough of New York City, New York, U.S., June 26, 2020. REUTERS/Carlo Allegri

But the deal could help Microsoft build on its $27 billion purchase of LinkedIn to become a bigger player in internet advertising now dominated by Facebook Inc and Alphabet Inc’s Google.

Microsoft on Sunday said it aims to complete a deal by Sept. 15 for TikTok’s U.S., Canada, Australia and New Zealand operations. It is likely to have an edge in pricing negotiations as the U.S. is effectively forcing TikTok’s Chinese parent, ByteDance, to sell by threatening to ban the app as a security risk.

TikTok has taken teenagers around the world by storm

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Exclusive: Trump gives Microsoft 45 days to clinch TikTok deal

NEW YORK/WASHINGTON (Reuters) – President Donald Trump only agreed to allow Microsoft Corp (MSFT.O) to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.

FILE PHOTO: People walk past a logo of Bytedance, the China-based company which owns the short video app TikTok, or Douyin, at its office in Beijing, China July 7, 2020. REUTERS/Thomas Suen/File Photo

The move represents an about-face for Trump and prompted the U.S. tech giant to declare its interest in the blockbuster social media deal that could further inflame U.S.-China relations. Trump said on Friday he was planning to ban TikTok amid concerns that its Chinese ownership represents a national security risk because of the personal data it handles.

The proposed acquisition of TikTok, which boasts 100 millions U.S. users, would offer Microsoft a rare opportunity

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