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The result was that TikTok owner ByteDance—which initially planned on selling a small portion of TikTok to an American company—agreed to divest TikTok to prevent a ban in the United States and in other countries where restrictions are also being considered due to privacy concerns, which themselves are mostly related to its ownership by a ...
TikTok said this could mean it is either forced to sell or shut down in the US by 19 January 2025. But the company's fight against the legislation in court, which began when it sued to block the ...
Parent company may refuse to sell the app even without its algorithm, sources say TikTok owners say they have no plans to sell US business and ‘would prefer shutdown’ Skip to main content
TikTok and parent company ByteDance filed a request Dec. 9 to pause legislation that could ban the app, until the Supreme Court has a chance to weigh in. ... ByteDance has claimed that selling the ...
The new law grants ByteDance up to a year to sell TikTok, and if the parent company does not divest from the app by then, a nationwide ban would go into effect. So, it would take at least a year ...
TikTok Ltd was incorporated in the Cayman Islands and is based in both Singapore and Los Angeles. [13] It owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India).
"Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed, and hypothetical information, resulting in outright censorship of the American people," TikTok's ...
The first approach would involve signaling to TikTok’s tech partners like Apple — which stand to face fines under the law if it continued to host TikTok on its app store after the deadline ...