China Affirms Right to Approve Tech Deals as TikTok Sale Looms
Ministry says new rules aren’t targeted at any company
The assertion jeopardizes negotiations to buy TikTok U.S.
ByteDance Needs Chinese Approval to Sell TikTok
By
Bloomberg News
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China emphasized its right Thursday to approve or block the sale of technology abroad, confirming it will play a critical role in the sale of TikTok’s U.S. operations to suitors including Microsoft Corp. and Oracle Corp.
