Reuters: ByteDance would prefer TikTok shutdown in the US instead of divesting
by GSMArena
GSMArena— The US government approved the landmark national security package which was signed into law by President Joe Biden yesterday. The new regulation effectively gives TikTok parent company ByteDance an ultimatum to sell TikTok’s US business to a local company in the next nine months or face an effective ban on the platform. Reuters is now reporting that ByteDance is not willing to sell off TikTok to a US company and would rather have its platform shut down. TikTok’s algorithms are deemed core to...
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
AppleInsider—ByteDance would rather shut down US TikTok than sell it. TikTok owner ByteDance reportedly will not sell to a US firm if it is unable to convince a court to overturn President Biden's day-old law forcing a sale or ban. TikTok may be cease to be available in the US According to the bill signed into law by President Biden on April 24, 2024, TikTok owner ByteDance must either sell the platform to a US firm, or face a ban. The company has nine months to comply, with a possible three-month extension if a deal is in progress. According to...
@MichaelWestBiz—ByteDance, TikTok sue to block US seeking sale or ban. TikTok and its Chinese parent company ByteDance have sued in US federal court seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or ban it. The companies on Tuesday filed their lawsuit in the US Court of Appeals for […]