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To be sure CFIUS has allowed foreign firms to keep sensitive U.S. assets on several occasions by imposing oversight and restrictions on how they are operated NegativeNEW YORK Chinas 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 http://www.reuters.com/finance/article/us-usa-tiktok-cfius-analysis/bytedances-bid-to-keep-most-of-tiktok-faces-major-hurdles-idUSKBN2680KL2020-09-17
Mnuchin who chairs CFIUS and Commerce Secretary Wilbur Ross were meeting at the White House on Tuesday to consider ByteDances proposal two of the sources said PositiveOracle would become ByteDances technology partner responsible for the management of TikToks data and take a minority stake in TikTok the sources added http://www.reuters.com/finance/article/us-usa-tiktok-trump/trump-says-oracle-close-to-tiktok-deal-as-bytedance-aims-for-majority-ownership-idUSKBN26637C2020-09-16
Some CFIUS experts said the deals approval would signal a major departure from the traditional national security reviews of deals driven by U.S. civil servants PositiveOracle would become ByteDances technology partner responsible for the management of TikToks data and take a minority stake in TikTok the sources added http://www.reuters.com/finance/article/us-usa-tiktok-trump/trump-says-oracle-close-to-tiktok-deal-as-bytedance-aims-for-majority-ownership-idUSKBN26637C2020-09-16
Harbins controlling stake was reviewed by CFIUS and approved in 2018 a GNC spokesperson said adding that no consumer data was available to any foreign national PositiveHarbins controlling stake was reviewed by CFIUS and approved in 2018 a GNC spokesperson said adding that no consumer data was available to any foreign national http://www.reuters.com/places/china/article/us-gnc-harbin-cfius/u-s-senator-asks-for-cfius-review-of-gnc-purchase-by-chinese-company-idUSKBN26134Y2020-09-11
The White House CFIUS and Chinas Commerce Department did not immediately respond to requests for comment NeutralTikToks prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance which include buying the apps U.S. operations without key software after Beijing stalled a deal which could be worth billion sources said http://www.reuters.com/legal/article/us-usa-tiktok-bytedance-exclusive/exclusive-aspiring-tiktok-buyers-pursue-four-options-in-effort-to-revive-talks-idUSKBN25T2IG2020-09-03
He said CFIUS conducted an exhaustive review of the case and unanimously recommended this action to the president in order to protect U.S. users from exploitation of their personal data NeutralWASHINGTON President Donald Trump ordered ByteDance on Friday to divest the U.S. operations of its videosharing app TikTok within 90 days the latest effort to ramp up pressure on the Chinese company over concerns about the safety of the personal data it handles http://www.reuters.com/finance/article/us-usa-tiktok/trump-orders-bytedance-to-divest-interest-in-u-s-tiktok-operations-within-90-days-idUSKCN25B00K2020-08-15
In the past CFIUS has required adoption of increased protections pending a sale including separation of the U.S. business from foreign sellers to the furthest extent possible he said NeutralMicrosoft is negotiating a transition period that will give it time to ringfence TikTok technologically from ByteDance after they agree to a deal Reuters reported on Aug http://www.reuters.com/finance/deals/article/us-usa-tiktok-cybersecurity-exclusive/exclusive-microsoft-faces-complex-technical-challenges-in-tiktok-carveout-idUSKCN2561002020-08-11
In 2018 CFIUS forced Chinas Ant Financial to scrap plans to buy MoneyGram International Inc over concerns about the safety of data that could identify U.S. citizens NegativeNEW Chinas ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House after President Donald Trump said on Friday he had decided to ban the popular shortvideo app two people familiar with the matter said on Saturday http://www.reuters.com/places/china/article/us-usa-tiktok-bytedance-exclusive/exclusive-tiktoks-chinese-owner-offers-to-forego-stake-to-clinch-u-s-deal-sources-idUSKBN24X3SK2020-08-02
A TikTok representative said the company could not comment on CFIUS matters but added that TikTok was working to develop a bestinclass security and promote a safe app experience PositiveWASHINGTON U.S. Treasury Secretary Steve Mnuchin said on Wednesday that TikTok was under a national security review and that his agency would make a recommendation to the president about the popular Chineseowned videosharing app this week http://www.reuters.com/places/china/article/us-usa-china-tiktok-treasury/u-s-treasury-to-make-recommendation-on-tiktok-to-trump-this-week-mnuchin-idUSKCN24U2882020-07-30
Reuters reported last November that a powerful U.S. government committee known as CFIUS had launched a national security review of Bytedances billion acquisition of U.S. social media app Musical PositiveABOARD AIR FORCE ONE President Donald Trumps administration is studying the national security risks of social media applications including TikTok and WeChat with action to address the issue expected in the coming weeks a White House official said on Wednesday http://www.reuters.com/news/technology/article/us-usa-trump-tiktok/trump-administration-action-on-risks-posed-by-tiktok-likely-in-weeks-official-idUSKCN24G36W2020-07-16
Meadows offered little detail about the mechanisms under consideration to respond to any threats posed by TikTok but noted that the CFIUS review was perhaps on a parallel tract NeutralABOARD AIR FORCE ONE President Donald Trumps administration is studying the national security risks of social media applications including TikTok and WeChat with action to address the issue expected in the coming weeks a White House official said on Wednesday http://www.reuters.com/news/technology/article/us-usa-trump-tiktok/trump-administration-action-on-risks-posed-by-tiktok-likely-in-weeks-official-idUSKCN24G36W2020-07-16
CFIUS declined to comment on the deal including on whether it was aware of the links between Kunlun and San Vicente which have not been previously reported NeutralNEW An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating apps current owner Chinas Beijing Kunlun Tech Co Ltd http://www.reuters.com/places/china/article/us-grindr-m-a-sanvicente-exclusive/exclusive-winning-bidder-for-grindr-has-ties-to-chinese-owner-idUSKBN2391AI2020-06-03
Klein added that material misstatements and omissions in filings with CFIUS or failures to comply with the terms of the divestiture could lead to civil penalties under U.S. law NegativeNEW An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating apps current owner Chinas Beijing Kunlun Tech Co Ltd http://www.reuters.com/places/china/article/us-grindr-m-a-sanvicente-exclusive/exclusive-winning-bidder-for-grindr-has-ties-to-chinese-owner-idUSKBN2391AI2020-06-03
CFIUS would assess whether it actually believed that the operations were functionally independent and insulated from potentially hostile influence NegativeTikToks poaching of Disneys Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions several people familiar with the plans said http://www.reuters.com/places/china/article/us-bytedance-tiktok-exclusive/exclusive-tiktok-owner-bytedance-moves-to-shift-power-out-of-china-sources-idUSKBN2341VJ2020-05-29
Republican Senator Marco Rubio was among U.S. lawmakers who last year urged CFIUS to review ByteDances 2018 acquisition of Musical NeutralTikToks poaching of Disneys Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions several people familiar with the plans said http://www.reuters.com/places/china/article/us-bytedance-tiktok-exclusive/exclusive-tiktok-owner-bytedance-moves-to-shift-power-out-of-china-sources-idUSKBN2341VJ2020-05-29
With any attempted restructuring the issue is one of said Paul Marquardt CFIUS lawyer at law firm Cleary Gottlieb who is not involved in the TikTok review NegativeTikToks poaching of Disneys Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions several people familiar with the plans said http://www.reuters.com/places/china/article/us-bytedance-tiktok-exclusive/exclusive-tiktok-owner-bytedance-moves-to-shift-power-out-of-china-sources-idUSKBN2341VJ2020-05-29
ByteDance has also been working to separate TikTok from many of its Chinese businesses seeking to provide CFIUS with assurances Reuters has reported PositiveKONG The founder of Chinas ByteDance owner of the wildly successful TikTok app has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage http://www.reuters.com/places/chinahttps://www.reuters.com/article/us-china-bytedance-ceo/zhang-yiming-founder-of-tiktok-owner-bytedance-gears-up-for-the-global-stage-idUSKBN21014Y2020-03-14
Zhang declined to comment on whether CFIUS was satisfied with TikToks current handling of data NegativeKONG The founder of Chinas ByteDance owner of the wildly successful TikTok app has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage http://www.reuters.com/places/chinahttps://www.reuters.com/article/us-china-bytedance-ceo/zhang-yiming-founder-of-tiktok-owner-bytedance-gears-up-for-the-global-stage-idUSKBN21014Y2020-03-14
CFIUS needs to approve the latest deal according to one of the sources PositiveChinese gaming company Beijing Kunlun Tech Co Ltd http://www.reuters.com/places/chinahttps://www.reuters.com/article/us-grindr-m-a-investors-exclusive/grindrs-chinese-owner-says-to-sell-social-media-app-for-608-mln-idUSKBN20T0IR2020-03-07
The company earlier played down concerns that the takeover might be blocked by CFIUS saying that Cypress focus on automotive products meant its products were not sensitive NegativeU.S. national security officials have recommended that President Donald Trump block German chipmaker Infineon Technologies AGs http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-cypress-semicond-m-a-infineon-technol/u-s-officials-ask-trump-to-block-infineons-cypress-deal-bloomberg-news-idUSKBN20T0402020-03-06















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