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CFIUS doesn't apply here. It governs US companies selling ownership stakes to foreign entities (the FI is for "Foreign Investment"). For example when Lattice Se
by thesausageking 6y ago
CFIUS doesn't apply here. It governs US companies selling ownership stakes to foreign entities (the FI is for "Foreign Investment"). For example when Lattice Semiconductor wanted to be acquired by a Chinese company and CFIUS blocked it.
This is the opposite situation: TikTok is a foreign company that's considering a US company as an investor/acquirer.
- carlosdp 6y agoActually it does, the CFIUS has jurisdiction over any foreign company doing commerce in the US. Which is why it has oversight over ByteDance's acquisition of Musical.ly, both Chinese companies.
- Natsu 6y agoThere's also this: https://www.law.cornell.edu/uscode/text/50/1702 https://www.law.cornell.edu/uscode/text/50/1702