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ByteDance buyout of Vietnamese payment service IO Media reported by EU watchdog

By Jean Comte ( May 2, 2025, 10:22 GMT | Insight) -- TikTok owner ByteDance told the EU merger regulator late last year of a plans to buy 100 percent of the share capital of IO Media, an intermediary payment services provider active in Vietnam, according to a European Commission update. ByteDance reported the deal under its obligations as a “gatekeeper” under the Digital Markets Act.ByteDance told the EU merger regulator late last year of a plans to buy 100 percent of the share capital of IO Media, an intermediary payment services provider active in Vietnam, according to a European Commission update....

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