TikTok Owner Signs Deal To Avoid US Ban (bbc.com)
- Reference: 0180425521
- News link: https://tech.slashdot.org/story/25/12/19/2150202/tiktok-owner-signs-deal-to-avoid-us-ban
- Source link: https://www.bbc.com/news/articles/cgexp1q8wn1o
> Half of the joint venture will be owned by a group of investors including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent by chief executive Shou Zi Chew. The deal, which is set to close on January 22, would end years of efforts by Washington to force ByteDance to sell its US operations over national security concerns. It is in-line with a deal unveiled in September, when US President Donald Trump delayed the enforcement of a law that would ban the app unless it was sold.
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> TikTok said in the memo that the deal would enable "over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community." Under the agreement, ByteDance will retain 19.9% of the business, while Oracle, Silver Lake and Abu Dhabi-based MGX will hold 15% each. Another 30.1% will be held by affiliates of existing ByteDance investors, according to the memo.
[1] https://www.bbc.com/news/articles/cgexp1q8wn1o
50.0 exactly (Score:4, Interesting)
> ByteDance will retain 19.9% of the business, ... another 30.1% will be held by affiliates of existing ByteDance investors
So, exactly 50% will be held by ByteDance or existing ByteDance investors. That number can't be a coincidence.
If even one person of the rest of the investors sides with ByteDance and its Investors, ByteDance still has full control.
Re:50.0 exactly (Score:4, Insightful)
> If even one person of the rest of the investors sides with ByteDance and its Investors, ByteDance still has full control
And this is a bad thing exactly how? How to steal a company: Make vague insinuations, up the volume and call it evil citing more vague issues, threaten to ban it, and then say, well, if you turn over control maybe we'll let it slide. No different than protection money for the mob.
Gotta love how the biggest loudmouths for a competition and innovation-based economy use clubs to bludgeon the foreign competition to death with.
Re: 50.0 exactly (Score:2)
Dunno why we don't just give China the same ongoing treatment they already give us. Fair is fair, after all.
Re: 50.0 exactly (Score:2)
Like what, exactly?
Re: 50.0 exactly (Score:1)
For one thing we can shit directly on China-paid trolls like yourself
If you want to speak freely on the internet... (Score:1)
It's ironic that Google (a US company) is heavily censored (see Youtube) and US citizens have resorted to a Chinese platform to speak freely.
I'm old enough to remember the "Black Friday" protests during the Clinton/Gingrich timeframe when the left was heavily opposed to censoring the web. It was the political right that were the would-be censors. Something has happened over the past 10 years where this paradigm has reverted 180 degrees and the censorship is coming from the complete opposite direction n
Re: If you want to speak freely on the internet... (Score:3, Informative)
Many people--including fans of Jimmy Kimmel, or drag performance, or news reports critical of the president or the late St. Charlie, or non-violent protesters--would consider government seizure of the means of speech to be the greatest threat to free speech. But it's true that you can now insult out-groups and tout ivermectin on Twitter now, so I guess the First Amendment is doing better than ever!
Re: If you want to speak freely on the internet... (Score:2)
Who was ever asking for censorship of the web back then? The closest thing to censorship demands I can recall during that period were e.g. Hillary Clinton, Janet Reno, Joe Lieberman, Herb Kohl, and a number of other "who's who" of the Democratic party demanding a crackdown on video games, mostly because of Night Trap. Apparently it wasn't wholesome enough for their values. It featured a scene of a "scantily clad" female having something done to her that any sane person would just laugh at, but the word on t
Re: (Score:3)
> It's ironic that Google (a US company) is heavily censored (see Youtube) and US citizens have resorted to a Chinese platform to speak freely.
Try posting a video there about Tiananmen Square. One that accurately reports how the government ended it.
Let us know how that works out for you. If they let you have internet access in the prison library.
Larry, Bonesaw & XI (Score:1)
That's exactly what everyone needs - Oracle's avarice buoyed by the UAE's psychotic oppression game, refined by China's carefully engineered oppression.
That's the GOP's vision for the country - From each according to their ability, to each according to my whim, and shut your fucking yap if you don't want to be dismembered, serf.
Re: Larry, Bonesaw & XI (Score:1)
> China's carefully engineered oppression
Where do you get that idea? They're just about stability and order...the only oppression is towards terrorists and other trouble makers...usually incited/encouraged by the USA et al.
Re: (Score:2)
Pooh is proud of you.
Is this still capitalism? (Score:2)
Is this the free market at work or no?
Re: Is this still capitalism? (Score:2)
I'll go with "no".
Propaganda tool? (Score:1)
So with this deal we go from China Propaganda/dumbing us down, to Trump lackeys, Propaganda/dumbing us down?
Missing 5% (Score:2)
50% + 15% + 15% + 15% = 95%. Who gets the remaining 5%?
Re: (Score:1)
> 50% + 15% + 15% + 15% = 95%. Who gets the remaining 5%?
Oh that's Trump's cut for facilitating the whole deal.
Palestine was the problem with TikTok (Score:1)
Awesome article on the Palestine motivation for the TikTok ban/transfer on TheVerge
> Regardless, governments certainly believe that images speak to the conscience in a way that can shake the foundations of power itself. It is why Richard Nixon was caught on the Oval Office tapes furiously coping about The Terror of War, musing about how surely it must be fake. It is why the United States instituted a blanket ban on photographs of flag-draped coffins of soldiers returning from the battlefield from 1991 to 2009
Re: Here comes (Score:2)
Yup, now it is with US ownership...
Re: Here comes (Score:3)
It is already censored. Try to post about June 6 Tiananmen Square and claim Taiwan is an independent country and that the Spratley Islands belong to the Philippines. The law is about keeping the CCP from censoring US media, and spying and tracking US citizens including journalists, politician, and military.
Re: (Score:2)
That take was forgotten at the back of the fridge for nearly a year, taken out and then re-microwaved.