Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

China Affirms Right to Approve Tech Deals as TikTok Sale Looms

Sept. 3, 2020, 8:23 AM

China emphasized its right Thursday to approve or block the sale of technology abroad, confirming it will play a critical role in the sale of TikTok’s U.S. operations to suitors including Microsoft Corp. and Oracle Corp.

Beijing’s assertion jeopardizes negotiations over the sale of ByteDance Ltd.’s prized international asset, a complex deal already under scrutiny by Donald Trump’s administration. The Chinese government on Friday added several artificial intelligence features to a list of export-restricted technologies, effectively gaining the right to block a deal by targeting features such as the recommendation algorithms essential to the viral video service.

The ...