ByteDance board member believes there’s a possibility to retain TikTok ownership without divesting | Infinium-tech

ByteDance has until April 5, 2025, to sell its stake in TikTok to the US-based company, according to US President Donald Trump’s executive order earlier this week. While the app is still freely available for use in the US, it has been removed from the App Store and Google Play. There are plenty of buyers ready to buy TikTok but a ByteDance board member believes there’s still potential for a solution that doesn’t 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, is optimistic that the Chinese tech giant can reach a compromise solution to take control of TikTok without selling the US unit. Can. Ford’s optimism stems from reported talks between US President-elect Donald Trump and his Chinese ally Xi Jinping.

The executive suggests that “some type of change of control” for TikTok is not out of the question, but ByteDance is actively looking to ensure that it can continue to operate in the US without a sale. It remains to be seen how ByteDance can accomplish this, given that the sale to the US-based company is mandated under legislation passed earlier this year.

Source ,paywall,