Re:Why we are suing the Administration
by SergeAx on Tuesday September 01, 2020 @04:38PM
(#24346777)
I am quite inexperienced in US law, but are you just told that acquisition of one foreign company by another foreign company should be reviewed by some random US committee?!
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Re:Why we are suing the Administration
by mmmmmbop on Tuesday September 01, 2020 @07:24PM
(#24348292)
Of course the U.S. has no authority over any two foreign companies that do no business within the country. However, if one of the two companies engages in interstate commerce in the U.S. -- which TikTok does -- it is considered to be a U.S. business [1] for the purposes of the CFIUS review.
[1] https://casetext.com/regulation/code-of-federal-regulations/...