Kevin O’Leary’s $20B TikTok offer is rejected as ByteDance confirms it won’t sell the key technology behind the app’s success.
TikTok was banned in the U.S. due to national security concerns over its Chinese ownership, prompting federal action requiring ByteDance to divest. Despite delays in enforcement, the app remains unavailable in US app stores until a sale to a U.
Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be
The TikTok ban won't be enforced until April, but there will be plenty of contentious negotiations between China, the U.S., and prospective buyers in the meantime.
Will TikTok find a U.S. buyer to remain legal? After Trump vowed to make a deal to save the app, MrBeast has emerged as part of a joint bid.
YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.
TikTok’s attempts to blame the government are deceiving. The law is not an actual ban, and Congress gave TikTok a straightforward path to continue operating as it always has: Sever ties with the Chinese government, and the restrictions will be immediately lifted.
Evan Feigenbaum of Carnegie Endowment for International Peace believes ByteDance and Chinese officials are unlikely to agree to a 50% U.S. ownership for TikTok, given the app's algorithm is an intellectual property regulated by Beijing.
TikTok's influence has been greater than its seemingly short-lived demise. The ByteDance-owned app returns after going dark over the weekend.
On Friday, the United States Supreme Court finished debates on whether or not to uphold the incoming ban on a popular social media platform.
Chinese authorities appear to be softening their stance on the fate of TikTok, possibly paving the way for Beijing-based ByteDance to begin talks with American investors, according to people familiar with the matter.
TikTok remains unavailable on Google and Apple’s app stores in the U.S. When might it return, and what could happen to TikTok without updates in the meantime? Here's what to know.