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Microsoft talks to buy TikTok's U.S. operations spurs ire in China

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A potential shotgun wedding to Microsoft Corp for TikTok's U.S. operations provoked an outcry on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance.

"A forced deal under Washington's shotgun could open up for endless litigations if it should result an unfavorable outcome to existing private shareholders," said Fred Hu, chairman of Primavera Capital Group, an investor in ByteDance and one of China's best known private equity groups.

Tech bankers in Asia said investment banks working on the deal would have to be careful not to antagonize Trump. "We disagree with this CFIUS conclusion," the letter said but added:"...we understand the decision in the current macro environment."The Chinese government declined to comment specifically on the Washington's move to force a sale of TikTok's U.S. operations.

 

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