In December it was reported that a TikTok US joint venture deal had been signed, with US firms Oracle and Silver Lake and Abu Dhabi state-owned investment fund MGX to own 45% of the venture.
The deal is expected to close on January 22.

Bump in the road:

Music Ally is, however, reporting on recent comments by Chinese officials that suggest the deal may not yet be finalized.
It quotes a late December report in state-controlled outlet China Daily that says the Chinese government “hopes that relevant parties can reach a solution regarding TikTok that complies with Chinese laws and regulations and achieves a balance of interests.”
The Chinese government also “urged the US to provide a fair, open, transparent, and non-discriminatory business environment for the continuous and stable operation of Chinese enterprises in the United States.”

What it means:

This is potentially nothing more than gamesmanship.
But as Music Ally suggests, TikTok and its owner ByteDance may have approved a US-brokered agreement, but Chinese authorities will still have a say on when and if the sale proceeds.

Recent comments by Chinese officials have suggested that the TikTok USA sell-off may not yet be a done deal.

In December it was reported that a TikTok US joint venture deal had been signed, with US firms Oracle and Silver Lake and Abu Dhabi state-owned investment fund MGX to own 45% of the venture.
The deal is expected to close on January 22.

Music Ally is, however, reporting on recent comments by Chinese officials that suggest the deal may not yet be finalized.
It quotes a late December report in state-controlled outlet China Daily that says the Chinese government “hopes that relevant parties can reach a solution regarding TikTok that complies with Chinese laws and regulations and achieves a balance of interests.”
The Chinese government also “urged the US to provide a fair, open, transparent, and non-discriminatory business environment for the continuous and stable operation of Chinese enterprises in the United States.”

This is potentially nothing more than gamesmanship.
But as Music Ally suggests, TikTok and its owner ByteDance may have approved a US-brokered agreement, but Chinese authorities will still have a say on when and if the sale proceeds.

Recent comments by Chinese officials have suggested that the TikTok USA sell-off may not yet be a done deal.

In December it was reported that a TikTok US joint venture deal had been signed, with US firms Oracle and Silver Lake and Abu Dhabi state-owned investment fund MGX to own 45% of the venture.
The deal is expected to close on January 22.

Music Ally is, however, reporting on recent comments by Chinese officials that suggest the deal may not yet be finalized.
It quotes a late December report in state-controlled outlet China Daily that says the Chinese government “hopes that relevant parties can reach a solution regarding TikTok that complies with Chinese laws and regulations and achieves a balance of interests.”
The Chinese government also “urged the US to provide a fair, open, transparent, and non-discriminatory business environment for the continuous and stable operation of Chinese enterprises in the United States.”

This is potentially nothing more than gamesmanship.
But as Music Ally suggests, TikTok and its owner ByteDance may have approved a US-brokered agreement, but Chinese authorities will still have a say on when and if the sale proceeds.