The U.S. wants ByteDance to sell TikTok. China is almost certainly going to refuse
Publishing timestamp: 2024-03-14 12:26:47
Summary
The House approved a bill requiring ByteDance to divest TikTok in the US within six months, but China is likely to block the sale. The key issue is TikTok's algorithm, which China may not allow to be part of the deal. The US government has long been concerned about TikTok's ties to China and national security threats. The sale of TikTok's US business is complicated by the algorithm, making it uncertain if the sale will even happen.
Sentiment: MIXED
Keywords: spin-offs, united states, foreign policy, internet, government and politics, social media, technology, politics, meta platforms inc, business news, bytedance, tiktok, washington, mergers and acquisitions, snap inc, china, national security,
Source: https://www.cnbc.com/2024/03/14/tiktok-ban-china-would-block-sale-of-short-video-app.html