DPA

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

14 Aug 2020
in force

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.

Source
Event type order
Action type implementation
Government branch executive
Government body central government