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United States of America: Adoption of executive order banning acquisition of Musical.ly by ByteDance Ltd

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Description

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.

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Scope

Policy Area
Foreign direct investment
Policy Instrument
MNE: Treatment and operations, nes
Regulated Economic Activity
platform intermediary: user-generated content
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2020-08-14
in force

The U.S. Administration issues an executive order regarding the acquisition of U.S. social media ap…