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Daily Crunch: This TikTok deal is pretty confusing

Companies send out conflicting meanings about the TikTok batch, Microsoft acquires a gaming being and the WeChat ban is temporarily blocked. This is your Daily Crunch for September 21, 2020.

The big-hearted floor: This TikTok slew is pretty confusing

This keeps to become more and more disorient. Apparently TikTok’s parent company ByteDance has reached a deal with Walmart and Oracle that will allow the Chinese social media app to continue operating in the United Position, and the spate has been approved by Donald Trump. But it’s hard to tell exactly what this agreement entails.

ByteDance said it would retain 80% command of TikTok, while selling 20% of the company to Walmart and Oracle as” commercial spouse” and” trusted technology partner ,” respectively. However, Oracle liberated a seemingly conflicting statement, claiming that Americans will have majority ownership and” ByteDance will have no ownership in TikTok Global.”

So what’s going on here? We’re trying to figure it out.

The tech giants

Microsoft set to acquire Bethesda parent ZeniMax for $7.5 B — ZeniMax owns some of the most important publishers in gaming, including Bethesda Game Studios, id Software, ZeniMax Online Studios, Arkane, MachineGames, Tango Gameworks, Alpha Dog and Roundhouse Studios.

Trump administration’s WeChat ban is blocked by US territory law — More story about the Trump administration’s efforts to ban some high-profile Chinese apps: A quarter court justice in San Francisco has temporarily stayed the nationwide ban on WeChat.

Nikola’s chairman steps down, broth accidents following allegations of fraud — This comes in the wake of each of these reports from a noted short-seller accusing the electric truck company of fraud.

Startups, fund and venture capital

With $100 M in funding, Playco is already a mobile gaming unicorn — Playco is a new mobile gaming startup created by Game Closure co-founder Michael Carter and Zynga co-founder Justin Waldron.

Indian portable gaming scaffold Mobile Premier League elevates $90 million — Mobile Premier League operates a pure-play gaming pulpit that hosts a range of tournaments.

A meeting room of one’s own: Three VCs discuss breaking out of large-scale firms to start their own gigs — We talked to Construct Capital’s Dayna Grayson, Renegade Spouse’ Renata Quintini and Plexo Capital’s Lo Toney.

Advice and analysis from Extra Crunch

Edtech investors are washing for amber — At Disrupt, investors told us how they separate the gold from the dust.

Despite slowdowns, pandemic intensifies switches in hardware manufacturing — China continues to be the dominant global force, but the price of labor and political skepticism has led many companies to begin search elsewhere.

The Peloton effect — Alex Wilhelm examines the latest VC activity in connected fitness.

( Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up here .)

Everything else

Ireland’s data watchdog hurled for permit adtech carry on’ biggest breach of all time’ — The Irish Council for Civil Liberty is putting greater pressure on the country’s data watchdog to take enforcement action.

Pandemic accelerated rope chipping, doing 2020 the worst-ever year for fee TV — According to brand-new experiment from eMarketer, the cable, satellite and telecom TV industry is on track to lose the most customers ever.

Original Content podcast:’ Wireless’ demonstrates off Quibi’s Turnstyle technology — I interviewed the director of the brand-new Quibi series.

The Daily Crunch is TechCrunch’s roundup of our biggest and most important floors. If you’d like to come this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.

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