China's tech export restrictions put TikTok deal in question: WSJ
Deal talks for TikTok's U.S. operations have hit a snag thanks to China's crackdown on its tech export rules that were announced late Friday. A new Wall Street Journal report says the issue is whether the app's core algorithms, which determine the videos that are served to users, can be included as part of a deal. The report says potential buyers consider that formula is a large part of the value of TikTok. It's still unclear whether China would have to sign off on that part of the sale.
Wed, Sep 2 20206:15 AM EDT