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Keyword: goldenshare

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  • Kevin O'Leary warns TikTok's fate could be determined by 'secret golden share' granting Beijing 'veto' power

    01/20/2025 6:36:57 PM PST · by linMcHlp · 17 replies
    Fox Business ^ | 01/20/2025 | Taylor Penley (Fox Business)
    "There is something called a secret golden share that every Chinese company has to issue to the CCP leadership. That's Xi [Jinping] himself, and it turns out that ByteDance can't negotiate anything unless he's made a decision," the O'Leary Ventures Chairman told "Mornings with Maria" guest host Cheryl Casone. "The secret share is a veto power over all other shareholders," he explained. "They do not have any rights once the secret share has been issued, so now we're dealing with what to do with the secret share, because until she decides what's going to happen, it doesn't matter what shareholders...