United States of America: US Executive Order on the Acquisition of Musical.ly by ByteDance Ltd.
Progress
Current status
in force
14 Aug 2020 in force
Scope
Implementers
United States of America
Policy Area
Foreign direct investment
Policy Instrument
MNE: Treatment and operations, nes
Regulated Economic Activity
platform intermediary: user-generated content
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Adoption of executive order banning acquisition of Musical.ly by ByteDance Ltd
The U.S. Administration issues an executive order regarding the acquisition of U.S. social media app Musical.ly by ByteDance Ltd., a Chinese technology company that owns 100% of TikTok, ordering the company to divest.
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central government