ByteDance board member believes there’s a chance to retain TikTok possession with out divesting

ByteDance these days has till April 5, 2025 to divest its stake in TikTok to a US-based corporate as in keeping with US President Donald Trump’s government order from previous this week. Whilst the app remains to be to be had to make use of freely in the USA, it’s been got rid of from the App Retailer and Google Play. There are many suitors in a position to shop for TikTok however one ByteDance board member believes there’s nonetheless an opportunity for an answer that doesn’t contain promoting the social media app.

Invoice Ford, who serves as chairman and CEO of Normal Atlantic fairness company and could also be a member of ByteDance’s board of administrators, is constructive that the Chinese language tech massive may just achieve a compromise way to stay keep watch over of TikTok with out divesting to a US entity. Ford’s optimism stems from reported talks between the newly elected US President Donald Trump and his Chinese language colleague Xi Jinping.

The chief suggests {that a} “alternate of keep watch over of a few sort” isn’t out of the query for TikTok, however ByteDance is actively taking a look to make sure it will probably proceed to function in the USA with out promoting. It is still observed how ByteDance can pull this off for the reason that the legislation which handed previous this yr mandates a sale to a US-based corporate.

Supply (paywall)