August 7, 2020

In a white-knuckle move that has led analysts to label him a modern-day pirate, the Trump administration issued an executive order on Thursday blocking all US deals with TikTok's Chinese parent ByteDance after 45 days, even as Microsoft is in talks to secure a deal for the hugely popular video-sharing app in the US.

A parallel executive order was also issued on Thursday to ban any US deal with Tencent, operator of Chinese messaging app WeChat, after 45 days, or starting September 20.

The fresh blow to TikTok, whose success has made it a big thorn in the back of US regulators, is apparently unbearable, with its parent ByteDance hitting back with a rare, harshly worded statement on Friday vowing it will take the matter to court if the US government fails to treat it in an equitable way.

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