Let’s Make a Deal—for TikTok
It’s been a whirlwind 24 hours of headlines pointing to a possible deal for TikTok, which could save it permanently from a U.S. ban. The big question is whether any of these overtures will pass muster with China’s government, which will likely have the final word on a sale. It’s not clear that TikTok’s Chinese parent ByteDance is even entertaining any of these deals.
To recap, Bill Ford, the CEO of General Atlantic, a major shareholder in ByteDance, told reporters at the World Economic Forum in Davos on Wednesday, that “we gotta come up with a solution that complies with the law,” according to CNBC. Ford, who is also a ByteDance board member, added, “I don’t think that necessarily has to mean a divestiture.”
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