According to a report by Cailianshe on the evening of August 31, people familiar with the matter analyzed that TikTok has selected a bidder for its business in the United States, New Zealand and Australia, and the deal may be announced as early as Tuesday. Microsoft, which is cooperating with Walmart, and Oracle are the two major bidders for the deal.
There was no immediate comment from either party.
According to reports, Microsoft is currently the most popular company to acquire TikTok's business in multiple countries. Microsoft originally planned to acquire TikTok's US business, but later found it difficult to separate the US business from that of other countries. Therefore, it plans to expand the scope of the acquisition to include assets in Australia, New Zealand and even India.
Microsoft recently announced even more favorable news. The global supermarket giant Walmart officially announced that it has formed an alliance with Microsoft to form a consortium to bid for TikTok, which increases the probability of Microsoft's successful acquisition.
On August 28, the Ministry of Commerce and the Ministry of Science and Technology adjusted and issued the "Catalogue of Technologies Prohibited and Restricted from Export in China" (Ministry of Commerce and Ministry of Science and Technology Announcement No. 38 of 2020, hereinafter referred to as the "Catalogue"). In the updated Catalogue of Technologies Prohibited and Restricted from Export, "Personalized Information Push Service Technology Based on Data Analysis" was added.
Subsequently, at around 8 p.m. on the 30th, ByteDance issued a statement: The company has noticed that the Ministry of Commerce and the Ministry of Science and Technology jointly issued the "Announcement on Adjustment of Releases" on August 28. The company will strictly abide by the "Regulations of the People's Republic of China on the Administration of Technology Import and Export" and the "Catalogue of Technologies Prohibited and Restricted for Export from China" to handle related business regarding technology exports.
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