The demand hardens the White House’s stance toward the popular video app, which is owned by the Chinese internet company ByteDance.
Tag: Mergers, Acquisitions and Divestitures
Germany Blocks 2 Foreign Investment Deals, Taking a Firmer Line on China
The decision to bar a Chinese-owned firm from acquiring a domestic semiconductor maker comes as Germany reappraises ties to its giant trading partner.
South Korean Internet Giant Buys Poshmark in $1.2 Billion Deal
With its new acquisition — the company’s largest to date — Naver has gained a sizable foothold in North America’s secondhand retail market.
TikTok Seen Moving Toward US Security Deal, but Hurdles Remain
A draft agreement with the Biden administration to keep the Chinese-owned video app operating in the United States is under review. That could mean more wrangling.
Reckoning With Memories of Budapest
A Times journalist spent three months capturing a contemporary portrait of Hungary’s capital, where he lived for several years as a child in the early ’90s.
Your Wednesday Briefing
Britain sets a heat record.
Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds
The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.
How Hunter Biden’s Firm Helped Secure Cobalt for the Chinese
The president’s son was part owner of a venture involved in the $3.8 billion purchase by a Chinese conglomerate of one of the world’s largest cobalt deposits. The metal is a key ingredient in batteries for electric vehicles.
Monte dei Paschi di Siena, World’s Oldest Bank, Nears an End
After performing poorly in a stress test, Monte dei Paschi di Siena, founded in 1472, could be swallowed by UniCredit.
Soho China Sells to Blackstone, Cementing Owners’ Exit
The husband-and-wife team atop Soho China had already been keeping a lower profile than they did during an earlier, freer era of the country’s economic revival. Now they are selling their real estate business to Blackstone.