2020-09-24@14:51:27 GMT
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News about CFIUS:

    The Trump administration wants to know more about U.S. video game companies’ involvement with China’s Tencent Holdings, whose relationships with American firms includes full ownership of Riot Games, a significant minority stake in Epic Games, and publishing deals with Activision Blizzard. Bloomberg reported on Thursday that the Committee on Foreign Investment in the United States...
    Seattle Mariners relocate weekend home series against Padres to San Diego 9 Photos of Abandoned Subway Stations Around the World Tencent’s Gaming Stakes Draw U.S. National Security Scrutiny (Bloomberg) -- The Trump administration has asked gaming companies to provide information about their data-security protocols involving Chinese technology giant Tencent Holdings Ltd., people familiar with...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City BY ECHO WANG China’s ByteDance faces an uphill struggle to convince the White House to allow it to keep majority ownership of its popular short video app TikTok in the United States, according to former national...
    By Echo Wang NEW YORK (Reuters) - China's ByteDance faces an uphill struggle to convince the White House to allow it to keep majority ownership of its popular short video app TikTok in the United States, according to former national security officials and regulatory lawyers. Trump ordered ByteDance last month to divest TikTok amid U.S....
    Reuters September 15, 2020 0 Comments President Donald Trump said on Tuesday he had heard Oracle Corp was very close to a deal over ByteDance’s TikTok, even as sources said the Chinese company was seeking to keep majority ownership of the popular short video app. Trump has ordered ByteDance to divest TikTok amid U.S....
    (CNN Business)TikTok's US partnership with Oracle comes days before the Trump administration is expected to ban the popular short-form video app from the United States. But despite the two companies reaching a deal before Trump's Sept. 20 deadline, it's far from clear whether the agreement can successfully stave off the ban. Here's why.Tight timingTrump's executive...
    This morning, TikTok made goods on its threat to sue the government over President Donald Trump’s order banning it from the U.S. Hide The video-sharing platform argues that the order denies it due process guaranteed under the 5th amendment, CNBC reports. It also claims that the order is “not rooted in bona fide national security...
    Trump’s executive order cited national security concerns arising from a report by the Committee on Foreign Investment in the United States (CFIUS). “We’ve made it clear that we strongly disagree with the conclusions of CFIUS and we’re certainly disappointed in the outcome that we saw there,” Pappas said. “We still haven’t been presented with any evidence...
    Teens love TikTok but the Trump administration fears it. Earlier this week Treasury Secretary Steve Mnuchin confirmed that the social app was subject to a national security review into whether it could be a conduit for interference by China. Friday, Bloomberg reported that Trump will “sign an order” directing TikTok’s Chinese owner Bytedance to sell...
    The Trump administration will reportedly order the Chinese technology company ByteDance to divest from popular social media app, TikTok. President Donald Trump himself told reporters before departing the White House for Florida Friday that he might be “banning” the app but is still considering multiple avenues for how to handle the national security threats presented...
    The Chinese-owned app TikTok is under a security review by the U.S. government, which will make a recommendation on the matter to President Donald Trump next week, according to Treasury Secretary Steve Mnuchin. Trump said Wednesday, “we are thinking about making a decision” about TikTok. The video-sharing social media app, is extremely popular in both...
    US Secretary of the Treasury Steve Mnuchin speaks in the Brady Briefing Room at the White House on April 2, 2020, in Washington, DC.MANDEL NGAN Treasury Secretary Steven Mnuchin confirmed Wednesday that social media app TikTok is being reviewed by department's Committee on Foreign Investment in the U.S. (CFIUS). In comments on the South Lawn...
    Chinese gaming company Beijing Kunlun Tech said on Friday that a US national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition. The panel, the Committee on Foreign Investment in the United States (CFIUS), ordered Kunlun last year to divest Grindr amid concerns...