Stocks of TikTok US Suitors Hit by Fears of China Block

Stocks of TikTok US Suitors Hit by Fears of China Block
Collage of the Microsoft logo is pictured ahead of the Mobile World Congress in Barcelona, Spain, on Feb. 24, 2019 (Sergio Perez/Reuters) and the Oracle logo is shown on an office building in Irvine, Calif., on June 28, 2018. Mike Blake/Reuters
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Shares of TikTok U.S. suitors Microsoft Corp, Oracle Corp, and Walmart Inc fell on Monday after China’s move to restrict some technology exports spurred worries Beijing might block any deal for the video app’s U.S. assets.

China’s new rules around tech exports mean ByteDance’s sale of TikTok U.S. operations could need approval from Beijing, a Chinese trade expert told state media on Sunday, a requirement that would complicate the forced and politically charged divestment.