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An IPO of TikTok would be one of the technology sector’s biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than $50 billion. It would further reduce ByteDance’s stake in the company to appease U.S. officials who want to see the Chinese firm loosen its grip on the video app.
President Donald Trump only agreed to allow Microsoft to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.
China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.
The U.S. government has launched a national security review of TikTok owner Beijing ByteDance Technology Co’s $1 billion acquisition of U.S. social media app Musical .ly, according to two people familiar with the matter.
Chinese gaming company Beijing Kunlun Tech Co is seeking to sell Grindr, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter.
Campaigners against Uganda's tax on social media have been broadcasting calls on loudspeakers urging users not to pay the levy, playing a game of cat-and-mouse with police, witnesses said on Tuesday.
Uganda will review a tax on the use of social media, the prime minister said Wednesday after a protest against the controversial measure was broken up by police firing live rounds and teargas into the air.
It was a life-changing moment for Daniels when five police officers in Nigeria’s biggest city, Lagos, locked him in the back of a van two years ago.
At least six people have been arrested in Egypt after raising the rainbow flag of the lesbian, gay, bisexual and transgender community at a Cairo concert, security and judicial sources said.
The Police Command in Abia has killed four suspects and arrested eight others over the attack on the Abayi Police Station in the early hours of Tuesday in Abia.
Kaduna state government has said security agencies have reported a sequence of attacks by armed bandits on soft targets in Igabi and Chikun local government areas killing 18 residents.
Chelsea goalkeeper, Edouard Mendy, has described manager Thomas Tuchel as a good motivational strategist.
Prosecutors in Malta charged two men on Wednesday with supplying the bomb used to kill journalist Daphne Caruana Galizia.
Alisson joined Liverpool in 2018 from Roma and was voted FIFA men's goalkeeper of the year in 2019. His younger brother Muriel is a goalkeeper for Brazilian side Fluminense.
The Manchester Evening News reports United, known for denying access to players at senior and junior level for decades, have been powerless to prevent some of their brightest young things – Shola Shoretire among them – from conducting interviews with Instagrammers.
The All Progressives Congress, APC, in Oyo State, has described the purported plan by Governor Seyi Makinde to conduct fresh local government election in May this year as a theatre of the absurd which could not attract the attention of any serious political player or pundits as it was a mere waste of time and resources.
President Muhammadu Buhari looked stunned and went into laughter as the daughter of his former Aide-De-Camp, Colonel M. L. Abubakar, saluted him smartly with all precisions of the military.
A former Minister of Aviation, Femi Fani-Kayode, has slammed the Minister of Defence, Major General Bashir Magashi, after he asked Nigerians not to be cowards when attacked by bandits, but rather defend themselves.
The National Bureau of Statistics (NBS) says Nigeria’s GDP grew by 0.11 per cent in Quarter Four (Q4) 2020, from the 6.11 per cent contraction in Q3, signalling a gradual recovery from recession.