ByteDance says ‘no plans’ to sell TikTok after new US law threatens ban

Hong Kong Free Press HKFP— Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States. US lawmakers set the nine-month deadline on national security grounds, alleging that TikTok can be used […]

Music Business Worldwide—TikTok sues US government over ‘unconstitutional’ divest-or-ban law, says sale by ByteDance is ‘impossible’. The Chinese government 'would not permit' the sale of TikTok's code to a non-Chinese company, the complaint alleges Source

Music Business Worldwide—ByteDance would rather shut TikTok in the US than sell if legal challenge against ban law fails (report). Citing sources, Reuters reports that TikTok's parent 'would prefer' to shut the app down in the US if court challenge is unsuccessful Source

The Guardian—ByteDance would shut down TikTok in US rather than sell it, sources say. App’s ‘secret source’ algorithm reportedly core to operations of parent company, which sources say make a sale highly unlikelyByteDance would prefer to shut down TikTok rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the US, four sources said.The algorithms TikTok relies on for its operations are deemed core to ByteDance’s overall operations, which would make a sale of the app with algorithms highly unlikely, said...