The saber-rattling between China and the U.S. is heating up — with boardroom as battleground, and with some of the biggest U.S. companies as potential casualties.
It’s a ripple effect, perhaps, of the ongoing controversies surrounding TikTok, and by extension, the interdependence of the two countries when it comes to consumer spending. In addition, the as-yet-unfinished drama over who owns TikTok is shining a spotlight on unresolved issues tied to data sharing and privacy.
In the end, we may see a rising tide of backlash — one where the Chinese shun U.S. firms finding already shaky ground and rocky economic environments.
The story thus far: Microsoft has a deadline, at Sept. 15, to strike an acquisition of TikTok’s U.S. operations, effectively cleaving it from parent company ByteDance. That comes a bit after President Donald Trump said he was mulling an outright “ban” on TikTok (or, more specifically, its video-sharing app).
Full Content: PYMNTS
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI