While President Joe Biden signed legislation on Wednesday that would force Chinese tech giant ByteDance to sell TikTok in nine months or else be banned in the United States, the question of who could actually swoop in and buy the social media platform remains.
TikTok says it plans to challenge the legislation in court, threatening to use America’s laws against the United States, but if the effort fails, the social media platform would need to find a buyer quickly, as it has nine months to sell before being banned.
TikTok influencers Florin Vitan (L) and Alessia Lanza perform a video for the social network TikTok in the “Defhouse”, a TikTok influencers incubator (Photo by MIGUEL MEDINA/AFP via Getty Images)
Kevin O’Leary, chairman of O’Leary Ventures, speaks during the DC Blockchain Summit in Washington, D.C., US, on Tuesday, May 24, 2022. Photographer: Valerie…
