Comment by crimsoneer
4 days ago
I mean, the Chinese government was never going to let the US just take their company at bargain basement prices.
4 days ago
I mean, the Chinese government was never going to let the US just take their company at bargain basement prices.
Didn't something similar happen with Grindr? It was Chinese owned and sold without nearly as much excitement. Given the inevitable bidding war from multiple interested parties I would be surprised if they couldn't get a fair price for TikTok
China didn’t need to fight to keep Grindr because all the value from the acquisition was realized as soon as they ran a database query to compile a list of closeted Republican senators. No need to hold on once you got the spy treasure.
What about future senators?
1 reply →
Do you think that ByteDance is primarily concerned with the economic considerations for TikTok, or do you think that it is something else?
Do you think that there is a price at which they would be willing to sell it?
It wouldn't have been at a bargain basement price if they started trying to sell it when the law passed. It could have been the highest market price they could get from the US's largest buyers.
Obviously they don't have the same leverage when they're otherwise going to be shut off in a few days.