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Stockreport

TikTok U.S. joint venture won't impact Canadian users: cybersecurity expert [BNN Bloomberg (Canada)]

Check Point Software Technologies Ltd. - Ordinary Shares (CHKP)  More Company Research Source: BNN Bloomberg
Last check point software technologies ltd. - ordinary shares earnings: 4/27 05:00 am Check Earnings Report
US:NASDAQ Investor Relations: checkpoint.com/about-us/investor-relations
“This deal happens to be based on U.S. law only and it's really not that impactful for Canadians on a day-to-day basis,” said Robert Falzon, head of engineering at cybersecurity firm Check Point Software Technologies Ltd. Canadians will continue to use the international version of the app that's owned and influenced by Chinese owner ByteDance Ltd., he said. TikTok signed agreements with three major investors on Thursday to form a new TikTok U.S. joint venture. The deal is expected to close on Jan. 22, according to an internal memo seen by The Associated Press. Half of the new TikTok U.S. joint venture will be owned by a group of investors — among them Oracle, Silver Lake and the Emirati investment firm MGX, who will each hold a 15 per cent share. The new app's 19.9 per cent share will be held by ByteDance itself, and another 30.1 per cent will be held by affiliates of existing ByteDance investors, according to the memo. The memo did not say who the other investors are. U.S. u [Read more]
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Stockreport

TikTok U.S. joint venture won't impact Canadian users: cybersecurity expert [BNN Bloomberg (Canada)]

Check Point Software Technologies Ltd. - Ordinary Shares  (CHKP) 
More Company Research Source: BNN Bloomberg
Last check point software technologies ltd. - ordinary shares earnings: 4/27 05:00 am Check Earnings Report
US:NASDAQ Investor Relations: checkpoint.com/about-us/investor-relations
“This deal happens to be based on U.S. law only and it's really not that impactful for Canadians on a day-to-day basis,” said Robert Falzon, head of engineering at cybersecurity firm Check Point Software Technologies Ltd. Canadians will continue to use the international version of the app that's owned and influenced by Chinese owner ByteDance Ltd., he said. TikTok signed agreements with three major investors on Thursday to form a new TikTok U.S. joint venture. The deal is expected to close on Jan. 22, according to an internal memo seen by The Associated Press. Half of the new TikTok U.S. joint venture will be owned by a group of investors — among them Oracle, Silver Lake and the Emirati investment firm MGX, who will each hold a 15 per cent share. The new app's 19.9 per cent share will be held by ByteDance itself, and another 30.1 per cent will be held by affiliates of existing ByteDance investors, according to the memo. The memo did not say who the other investors are. U.S. u [Read more]
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CHKP
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Price Change %
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