Business

How to pronounce CFIUS, the once-obscure government body that reportedly gave Microsoft and ByteDance a 45-day deadline to negotiate a TikTok acquisition deal

1 month ago   |   By Business Insider

Getty
The Committee on Foreign Investment in the US, or CFIUS is a government body whose members have the power to launch an investigation into business deals that involve foreign investment in US firms on national security grounds.
It determines if deals pose national security risks, but the group does not hold the power to block deals outright - only a president's executive order can do that.
However, its designation that a deal involves security threats often results in investors standing down from moving forward with the deal.
The committee was formed in 1975, but a 2018 act passed...
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TikTok users are heaping praise on Microsoft after news broke that the company is in talks to buy the app

TikTok users are heaping praise on Microsoft after news broke that the company is in talks to buy the app

1 month ago   |   By Business Insider

Prettyboykope/ blueboynv/TikTok
President Trump told reporters on July 31 that he was planning on banning TikTok in the United States, causing concern among many of the app's users and influencers.
TikTok was not banned over the weekend, and Microsoft has confirmed that it is still in talks to acquire the app's US operations.
Now, TikTok users who were worried about the app disappearing are celebrating Microsoft, making memes about the potential acquisition.
Visit Business Insider's homepage for more stories .
TikTok was sent into a tizzy after President Trump told reporters late Friday...
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Microsoft is poised to pay billions for TikTok, but it's a tremendously risky move that will put CEO Satya Nadella's strategy to the ultimate test

Microsoft is poised to pay billions for TikTok, but it's a tremendously risky move that will put CEO Satya Nadella's strategy to the ultimate test

1 month ago   |   By Business Insider

AP
On the face of it, Microsoft's decision to explore the possibility of spending billions on a TikTok acquisition seems like a weird business decision.
Under CEO Satya Nadella, Microsoft has doubled down on cloud computing and productivity software, leaving the Xbox console as its last major consumer brand.
TikTok, a mega-popular viral video app with 80 million daily active users in the United States, doesn't seem to tie into that strategy at all.
But Nadella has earned the benefit of the doubt: Microsoft's acquisitions of GitHub, LinkedIn, and "Minecraft" maker Mojang have gone very...
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Critics in China reportedly called ByteDance CEO Zhang Yiming an 'American apologist' as talk of Microsoft's potential TikTok acquisition picks up steam

Critics in China reportedly called ByteDance CEO Zhang Yiming an 'American apologist' as talk of Microsoft's potential TikTok acquisition picks up steam

1 month ago   |   By Business Insider

Visual China Group via Getty Images/Visual China Group via Getty Images
People on a Chinese microblogging site called ByteDance CEO Zhang Yiming a traitor, a coward, and an American apologist after the company confirmed it is the possibility of divesting to a US tech firm, per a TechCrunch report.
"Zhang Yiming used to praise the US for allowing debate, unlike in China, where opinions are one-sided," wrote one user. "Now he got a slap in the face, why doesn't he go argue with the US?"
The remarks come as President Trump has reportedly given Microsoft and ByteDance 45 days to negotiate a...
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