Stocks of suitors for Tiktok US slip as deal may need China nod1 min read . Updated: 31 Aug 2020, 10:00 PM IST
- Shares of Walmart, Microsoft and Oracle fell between 1% and 2.5%
- China's new rules around tech exports mean ByteDance's sale of TikTok U.S. operations could need approval from Beijing
BENGALURU : Shares of TikTok U.S. suitors Microsoft Corp, Oracle Corp and Walmart Inc fell on Monday after China's move to restrict some technology exports spurred worries Beijing might block any deal for the video app's U.S. assets.
Select your Category