TikTok’s parent company is in active discussions about a deal, board member says
2 months, 1 week ago

TikTok’s parent company is in active discussions about a deal, board member says

CNN  

New York CNN — A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon. General Atlantic CEO Bill Ford, a ByteDance board member, said Wednesday that it’s in “everyone’s interest” to keep the app active. Ford made the remarks at an Axios- “We’ll get on with it, as soon as maybe the end of the week in terms of negotiating what might work… The Chinese government, the US government and the company and the board all have to be involved in this conversation,” Ford said, adding that there could be solutions “short of divestiture.” General Atlantic is a major investor in TikTok-owner ByteDance. Trump told reporters that he would be open to the sale of only a 50% stake, and that he changed his mind on TikTok because he “got to use it.” Trump is also talking about TikTok as a deal-making exercise, saying Tuesday that “I have the right to make a deal” and rhetorically repositioning the US law banning TikTok as a big business opportunity for the US and his tech mogul friends.

History of this topic

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