TikTok is ready to make a deal with US authorities to stay in the country. What options are being considered?
One of the company's investors is unhappy with both Biden's and Trump's policies towards TikTok.
One of the company's investors is unhappy with both Biden's and Trump's policies towards TikTok.
ByteDance, the parent company of TikTok, will enter into an agreement with US authorities to ensure that the application remains available in the country, Axios writes , citing General Atlantic CEO Bill Ford.
General Atlantic is a major investor in Chinese company ByteDance, on whose board Ford sits. Asked if a deal would be struck, he said: “Yes. It’s in everyone’s best interest.”
“We will start talks about what might work, maybe by the end of the week. The Chinese government, the US government, the company and the board of directors should all be involved in this conversation,” he said, adding that solutions could be found “without selling assets.”
Ford said the former Joe Biden administration was partly to blame for the situation reaching a boiling point because it didn’t “have a real dialogue with us.” At the same time, he acknowledged that President Trump tried to ban TikTok in the final days of his first term before reversing course during the recent election campaign.
Recall that earlier, US President Donald Trump signed an executive order giving ByteDance another 75 days to develop a deal to change control of the company, as required by a law signed last year. As of the time of Trump's executive order, ByteDance was not in talks with any potential buyer.
Also, during a speech at the White House, Donald Trump expressed his openness to the idea of billionaire Elon Musk acquiring the TikTok app.
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UPD. TikTok is back up and running in the US. 170 million users are hoping for Trump's promise to keep the platform accessible. Details
UPD. TikTok is back up and running in the US. 170 million users are hoping for Trump's promise to keep the platform accessible. Details
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