TikTok Time Crunch with Three Acquisition Agreements – Updated with Latest News

In another twist of events, not only has TikTok continued to remain available to users in the United States after a judge blocked an order banning downloads, the company is launching in-app voter guide for the 2020 United States election with content available in both English and Spanish.

“Today we’re launching an in-app guide to the 2020 US elections to provide access to authoritative information as we continue our work to protect against misinformation,” wrote Michael Beckerman, VP, Head of US Public Policy in a blog post, adding, “ the guide connects 100 million Americans with trusted information about the elections from the National Association of Secretaries of State, BallotReady, SignVote, and more.”

Beckerman cites that the company does not accept any paid political advertising.

According to Forbes writer Robert Hart, President Trump has given preliminary approval for parent company Bytedance to spin off US holdings into a subsidiary wherein 20 percent would be sold to Walmart and Oracle. Hart added, “ Treasury Secretary Steven Mnuchin said Wednesday that TikTok must meet all U.S. security requirements in any deal it makes with Oracle — which will include storing code in the U.S. — or face being shut down.”

Original post from July 31, 2020

If you are a TikTok user, your time to upload just one more video of your dog may be running out. Increased tensions between the United States and China, along with growing concern over privacy issues, have led President Trump to announce that he may be banning the application as soon as August 1st via executive order.

ByteDance Ltd, a private company based in China, has been under pressure by the United States to divest its share in TikTok – a social media platform which is free and allows user to upload and share short videos. The good news for users is that Microsoft is considering acquiring it, according to Josh Rivera’s article in USA Today. Rivera writes:

Government officials have in recent years cracked down on Chinese companies, including telecom company Huawei. There is concern that Chinese companies may share data with the Chinese government. TikTok and Huawei both deny this.

Here are some acquisition documents currently available on RealDealDocs:

Acquisition Agreement

Acquisition Agreement for MIGOM GLOBAL CORP., ACQUIRED COMPANY, Migom Bank Ltd, Migom Global Corp

Acquisition Agreement

Acquisition Agreement for IDEANOMICS, INC., IDEANOMICS, INC

Acquisition Agreement

Acquisition Agreement for VELT INTERNATIONAL GROUP INC., (Natural Health Farm (Labuan) Inc, Natural Health Farm Inc, Velt International Group, Inc.

Visit RealDealDoc to search millions of documents which have already been successfully implemented in business and legal transactions. Each document may be downloaded and edited in MS Word.

Image by Joseph Murica on Pixabay