Billionaire Frank McCourt is organizing a group to acquire TikTok's US businesses, joining a growing list of investors seeking chances under a new legal order to sell the platform's Chinese parent company.
Tags: TikTok Ban
TikTok Ban Extension Reportedly Coming Again: POTUS Trump to Give It More Time After June 19
President Donald Trump is giving TikTok another extension so it won't get banned as it still searches for its US buyer.
TikTok's US Operations Valued at $50B if Sold, $20B Without Algorithm
TikTok's US operations may be sold for $40–$50B due to its 115M users, though regulatory scrutiny, national security concerns, and algorithm exclusions may lower the value.
Free Speech vs. National Security: US Supreme Court to Hear TikTok's Appeal As Looming Ban Nears
The US Supreme Court will hear TikTok's case to block a January 19 law requiring its sale or ban, amid debates over free speech and national security.
TikTok Ban Could Suppress Minority Voices, Justice Groups Argue in Court
A coalition of social and racial justice groups argued in a legal brief that a federal ban or forced sale of TikTok would suppress minority voices by disrupting a crucial platform for online connection and advocacy.
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TikTok is challenging the app ban. The US government is now planning to block another Chinese company, DJI.
TikTok and ByteDance sue US government over law potentially banning TikTok, arguing it violates free speech.
A former TikTok executive claims that CEO Shou Zi Chew mainly serves as a "conduit" for ByteDance executives who truly make the decisions for the platform.
TikTok influencers, previously strong supporters of President Biden's message. They express uncertainty and disappointment over his backing of a law requiring ByteDance to sell its TikTok stake, fearing its impact on their livelihoods and political outreach efforts.
ByteDance, the parent company of TikTok, has firmly stated that it has no plans to sell the business, despite the recent US law that requires it to do so or face a ban in America.
TikTok CEO Shou Zi Chew is confident that US legislators won't successfully ban TikTok in the country, following a newly approved bill that gives the app 270 days to change ownership or face ban.
TikTok and its China-based parent company, ByteDance, have collectively spent over $7 million to counter its potential US ban.
TikTok users is likely to find that the popular social media platform is either under new ownership or, but not immediately, totally banned in the US.
Former President Donald Trump said Monday that President Joe Biden would be the one responsible if TikTok is banned in the US as he was "pushing" for it.
