News Snapshot:
TikTok Draws Interest From Bidders Other Than Microsoft Venture investors in ByteDance have approached Chief Executive Officer Zhang Yiming with a range of proposals to address U.S. concerns that the app, especially popular with teens, is a security threat, people familiar with the matter have said. Any solution would likely have to pass scrutiny from U.S. regulators in the Committee on Foreign Investment in the United States, as well as U.S. antitrust regulators. Microsoft Is in Talks to Buy TikTok in U.S. Spokespeople for Microsoft and TikTok declined to comment on any potential talks. The software company’s interest in the...
