Bloomberg Law
Sept. 10, 2020, 11:30 PM

ByteDance Is Poised to Miss U.S. Deadline for TikTok Sale (1)

Zheping Huang
Zheping Huang
Bloomberg News
Steven Yang
Steven Yang
Bloomberg News
Dina Bass
Dina Bass
Bloomberg News

ByteDance Ltd. is increasingly likely to miss a Trump administration deadline for the sale of its TikTok U.S. operations after new Chinese regulations complicated negotiations with bidders Microsoft Corp. and Oracle Corp., according to people familiar with the matter.

ByteDance probably needs beyond the U.S. executive order ban on Sept. 20 to nail down an agreement with either party because of the regulatory review, said the people, asking not to be identified because the matter is private. In preliminary talks with Chinese officials, ByteDance has been told any proposal must be submitted for approval with detailed information about ...

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