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Google owner Alphabet issues record $10 billion bond at lowest-ever price

FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK (Reuters) – Alphabet Inc (GOOGL.O) borrowed $10 billion in the investment-grade corporate debt market on Monday, the Google parent’s largest ever bond issue, which it secured at its lowest-ever cost of financing.

Of the $10 billion on offer, the $1 billion five-year tranche was issued at a coupon of 0.45%, the lowest coupon seen at that maturity since Apple Inc (AAPL.O) issued a $1.5 billion five-year note at 0.45% in 2013.

Investor appetite was fierce for the tech giant’s six-part bond, as low interest rates and corporate bond buying from the Federal Reserve continues to support issuance. The deal garnered more than $31 billion in demand, according to Refinitiv IFR. Previously, Alphabet’s lowest coupon was 1.25% on a $1 billion May 2014 note.

“We’re at

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TikTok owner ByteDance accuses Facebook of ‘plagiarism and smears’

FILE PHOTO: The ByteDance logo is seen in this illustration taken, November 27, 2019. REUTERS/Dado Ruvic/Illustration

SHANGHAI (Reuters) – TikTok owner ByteDance has accused Facebook of plagiarism and smears although it did not elaborate on the accusation.

The Chinese firm also said it faced “complex and unimaginable difficulties” as it worked to grow into global company.

The Beijing-based company made the comments in a statement late on Sunday posted on its official account on Jinri Toutiao, a news aggregator app it owns.

“ByteDance has always been committed to becoming a global company. During this process, we have faced all kinds of complex and unimaginable difficulties, including the tense international political environment, collision and conflict of different cultures and plagiarism and smears from competitor Facebook,” it said.

TikTok has attracted criticism from Facebook CEO Mark Zuckerberg, who last year accused the app of censoring political protest. TikTok has denied the claim.

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Exclusive: Trump to give TikTok’s Chinese owner 45 days to agree sale – sources

(Reuters) – President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two 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

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea of a sale to Microsoft.

But following a discussion between Trump and Microsoft CEO Satya Nadella, the Redwood, Washington-based company said in a statement on Sunday that it would continue negotiations to acquire TikTok from ByteDance, and that it aimed to reach a deal by

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Exclusive: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

NEW YORK/WASHINGTON (Reuters) – China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance’s concession will test whether Trump’s threat to ban TikTok is a negotiating tactic or whether he is intent on cracking down on a social media app that has up to 80 million daily active users in the United States.

Trump told reporters onboard Air Force One late on Friday that he would

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