China's ByteDance challenges Trump's TikTok divestiture order
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
January 31, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, JANUARY 31, 2023
China's ByteDance challenges Trump's TikTok divestiture order

Tech

Reuters
11 November, 2020, 10:00 am
Last modified: 11 November, 2020, 10:03 am

Related News

  • TikTok hosts first digital safety event in Bangladesh
  • TikTok announces Safety Ambassadors Campaign in Bangladesh
  • TikTok steps up efforts to clinch US security deal
  • Waste of tears -- fake 'onion water' flu cure exposes disparities
  • Pelosi backs adding TikTok government device ban to funding bill

China's ByteDance challenges Trump's TikTok divestiture order

Reuters
11 November, 2020, 10:00 am
Last modified: 11 November, 2020, 10:03 am
Photo/Courtesy
Photo/Courtesy

ByteDance, the Chinese parent company of video-sharing app TikTok, filed a petition late on Tuesday with a U.S. Appeals Court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.

President Donald Trump in an Aug. 14 order directed ByteDance to divest the app within 90 days, which falls on Thursday. The Trump administration contends TikTok poses national security concerns as the personal data of U.S. users could be obtained by China's government. TikTok, which has over 100 million U.S. users, denies the allegations.

In the petition filed with the U.S. Court of Appeals for the District of Columbia, ByteDance said it is seeking a court review of the divestment order, claiming that the order and a finding by a U.S. agency that TikTok represented a security threat were unlawful and violated rights under the U.S. Constitution.

ByteDance, which has been in talks for a deal with Walmart Inc WMT.N and Oracle Corp ORCL.N to shift TikTok's U.S. assets into a new entity, also said it is requesting a 30-day extension on the Aug. 14 divestment order, so that it can finalize terms of the deal.

"Facing continual new requests and no clarity on whether our proposed solutions would be accepted, we requested the 30-day extension that is expressly permitted in the August 14 order," TikTok said in a statement.

"Without an extension in hand, we have no choice but to file a petition in court to defend our rights," the company said.

The White House and Treasury declined to comment. The Justice Department did not immediately comment.

In September, TikTok announced it had a preliminary deal for Walmart and Oracle to take stakes in a new company to oversee U.S. operations. Trump has said the deal had his "blessing."

One big issue that has persisted is over the ownership structure of the new company, TikTok Global, that would own TikTok's U.S. assets.

In its court filing, ByteDance said it submitted a fourth proposal on Friday that contemplated addressing U.S. concerns "by creating a new entity, wholly owned by Oracle, Walmart and existing U.S. investors in ByteDance, that would be responsible for handling TikTok's U.S. user data and content moderation."

ByteDance said in its court filing it plans to file a request "to stay enforcement of the Divestment order only if discussions reach an impasse and the government indicates an intent to take action to enforce the order."

The petition names Trump, Attorney General William Barr, Treasury Secretary Steven Mnuchin and the Committee on Foreign Investment in the United States (CFIUS), the inter-agency panel that reviews certain transactions involving foreign investment on national security concerns.

It says the CFIUS action and Trump order "seek to compel the wholesale divestment of TikTok, a multi-billion-dollar business built on technology developed by" ByteDance "based on the government's purported national security review of a three-year-old transaction that involved a different business."

That order was based on a government review of ByteDance's 2017 acquisition of U.S. social media app Musical.ly, which ByteDance merged into TikTok.

Separate restrictions on TikTok from the U.S. Commerce Department have been blocked by federal courts, including restrictions on transactions that were scheduled to take effect Thursday that TikTok warned could effectively ban the app's use in the United States.

A Commerce Department ban on Apple Inc AAPL.O and Alphabet Inc's Google's GOOGL.O offering TikTok for download for new U.S. users that had been set to take effect on Sept. 27 has also been blocked.
 

Top News / World+Biz

TikTok

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
    IMF approves Bangladesh's $4.5 billion loan proposal
  • Despite downturn 3 dozen listed firms plan Tk7,500cr investment
    Despite downturn 3 dozen listed firms plan Tk7,500cr investment
  • Mysterious resignation of SIBL chairman, addl MD
    Mysterious resignation of SIBL chairman, addl MD

MOST VIEWED

  • Rendered images by DALL-E 2 from the text prompt: “a hydrogen fueled plane, digital art.”
    Could hydrogen-powered aeroplanes be the future of aviation?
  • Illustration: TBS
    AI tools beyond ChatGPT and DALL-E 2
  • Twitter says users will be able to appeal account suspension
    Twitter says users will be able to appeal account suspension
  • Bye bye! Photographer: Michael Zarrilli/Getty Images North America via Bloomberg
    Meta says Trump to be allowed back on Facebook, Instagram
  • A view of the Twitter logo at its corporate headquarters in San Francisco, California, U.S. November 18, 2022. REUTERS/Carlos Barria
    Twitter faces legal complaint in Germany over anti-Semitic content
  • Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
    Microsoft cloud outage hits users around the world

Related News

  • TikTok hosts first digital safety event in Bangladesh
  • TikTok announces Safety Ambassadors Campaign in Bangladesh
  • TikTok steps up efforts to clinch US security deal
  • Waste of tears -- fake 'onion water' flu cure exposes disparities
  • Pelosi backs adding TikTok government device ban to funding bill

Features

Photo: Courtesy

The Hawkers: Where minimalism meets motifs

18h | Brands
TBS illustration

Where do Shariah-compliant mutual funds stand in Bangladesh

17h | Panorama
Sketch: TBS

A subsidy war without winners

17h | Panorama
Photo: Collected

Oppo Reno 8T first look revealed!

18h | Brands

More Videos from TBS

two more factories of the country got platinum certificate.

two more factories of the country got platinum certificate.

8h | TBS Today
Iconic villains of Bollywood

Iconic villains of Bollywood

9h | TBS Entertainment
General knowledge "Gravity"

General knowledge "Gravity"

7h | Videos
Will tanks turn the tide for Ukraine?

Will tanks turn the tide for Ukraine?

8h | TBS World

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

3
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]