Bytedance: The signing of the final agreement requires the approval of relevant Chinese and American authorities in accordance with the law


According to a 36Kr report, ByteDance stated that a large number of concerns and reports on TikTok were triggered by the US CFIUS investigation and presidential decree, including a lot of speculation and false information.

ByteDance pointed out that the reality is that we are indeed discussing cooperation plans with some companies to address the concerns of the US government and the public about the security of US user data. The above plans do not involve the sale of business and technology, and have not yet signed a final agreement. The signing of the final agreement requires the approval of relevant Chinese and American authorities in accordance with the law.

Naijatechnews learned that CNN reported on the 15th that Microsoft confirmed that TikTok had rejected its acquisition request. Oracle confirmed that it has become a “trusted technology provider” for TikTok, but the agreement still needs US government approval.


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