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The race to acquire TikTok intensifies as ByteDance faces a mandated sale to a US buyer or a ban. Notable contenders include YouTuber MrBeast, billionaire Frank McCourt with "The People's Bid," and tech moguls like Elon Musk and Larry Ellison, while other potential buyers include Steven Mnuchin and Bobby Kotick. The urgency grows as the deadline approaches, with various proposals emerging to reshape the platform's future.
The Supreme Court's decision to uphold a law mandating TikTok's sale by Sunday has sparked speculation about potential buyers, including Elon Musk, MrBeast, and Kevin O'Leary. President Biden has left enforcement of the ban to incoming President Trump, who has expressed intentions to "save" the app. Concerns over Chinese government influence and data privacy have fueled the push for an American ownership structure.
TikTok faces a deadline of January 19 to find a new owner or risk a ban, following a federal court ruling that critics argue threatens free speech online. Billionaire Frank McCourt and other investors are interested in acquiring the platform, while legal experts warn that app stores could face penalties for hosting TikTok. The Supreme Court may intervene, potentially pausing any ban.
Bobby Kotick
People
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bidders emerge for tik tok as potential sale deadline approaches
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08:01 28.01.2025
potential buyers emerge for tik tok ahead of impending ban
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20:02 17.01.2025
TikTok Faces Sale Deadline After Court Upholds Controversial Law
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16:37 06.12.2024
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