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> Pretty skeptical he can get this done via executive order The president can (effectively) order CFIUS (the Committee on Foreign Investment in the United Stat
by culturestate 6y ago
> Pretty skeptical he can get this done via executive order
The president can (effectively) order CFIUS (the Committee on Foreign Investment in the United States) to review ownership on national security grounds, and if they determine that it constitutes a security risk CFIUS can order that it be divested.
This happened with Grindr last year[1] and the sale was closed in March.
1. https://www.reuters.com/article/us-grindr-m-a-exclusive/exclusive-u-s-pushes-chinese-owner-of-grindr-to-divest-the-dating-app-sources-idUSKCN1R809L https://www.reuters.com/article/us-grindr-m-a-exclusive/excl...
- einpoklum 6y agoYour example involves ownership of a US company ("West Hollywood, California-based Grindr" LLC). Availability of an app for download is something quite different.
- culturestate 6y ago> Your example involves ownership of a US company ("West Hollywood, California-based Grindr" LLC) TikTok is also incorporated in the United States (TikTok Inc.) as a subsidiary of ByteDance. Their original acquisition of Musical.ly was reviewed by CFIUS last year, but I don't know the result (or if this is a continuation of the same review.)
- einpoklum 6y agoInteresting! Did not know that. ... still, whatever happens with the US subsidiary should not, IIUC, affect whether or not the app can be downloaded.