President Trump signed an executive order delaying the enforcement of a law that banned TikTok, requiring it to be sold to a non-Chinese owner by early April. Potential buyers include Microsoft, Elon Musk, Oracle, and a consortium led by Jesse Tinsley. TikTok’s owner, ByteDance, has stated it cannot sell due to the Chinese government’s influence and American investors are exploring alternatives to selling altogether.
Negotiations will be led by Mr. Trump and Treasury Secretary Scott Bessent, with Mr. Ford of General Atlantic ready to engage. Talks will also involve ByteDance’s board and management, as well as the Chinese government, which has resisted relinquishing control of TikTok. Mr. Trump has expressed interest in a deal and suggested the U.S. could own part of TikTok.
Investors are exploring options to address national security concerns without an outright sale. However, complications may arise due to TikTok’s technological infrastructure and China’s restrictions. Buying TikTok would be expensive and could face antitrust scrutiny. While a sale may solve legal issues, it could also change the app as users know it. The uncertainty surrounding TikTok’s future ownership has led to speculation and anticipation about its potential new owner. Ultimately, the fate of TikTok remains unknown as negotiations continue among various interested parties.
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