Trump said this week that ByteDance “will have nothing to do with it. And if they do, we just won’t make the deal.”
Meanwhile, Beijing will likely need to green light the deal.
ByteDance has applied for an export license with the Beijing Municipal Bureau of Commerce and is awaiting a decision. It’s unclear what exactly ByteDance has applied to export given it has previously said it will not transfer technologies or algorithms to Oracle as part of any deal.
However, the Chinese technology firm did say that Oracle could inspect its source code.
In August, China updated its export restrictions list to include technologies “recommendation of personalized information services based on data analysis.” While ByteDance wasn’t named, this was seen to relate to the core recommendation algorithm that makes the app suggest videos to users.
All eyes will be on whether Beijing gives approval for this and the actual terms of the deal.
Source Article from https://www.cnbc.com/2020/09/25/tiktok-deal-timeline-the-latest-in-the-messy-saga-as-ban-looms.html
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