ByteDance currently has until April 5, 2025 to divest its stake in TikTok to a US-based company as per US President Donald Trump’s executive order from earlier this week. While the app is still available to use freely in the US, it’s been removed from the App Store and Google Play. There are plenty of suitors ready to buy TikTok but one ByteDance board member believes there’s still a chance for a solution that does not involve selling the social media app. Bill Ford, who serves as chairman and CEO of General Atlantic equity firm and is also a member of ByteDance's board of directors,...
Source: https://www.gsmarena.com/bytedance_board_member_believes_theres_a_possibility_to_retain_tiktok_ownership_without_divesting-news-66233.php