Bobby Kotick

Legislation Advances to Mandate Sale of TikTok

Legislation mandating a sale of TikTok is moving forward, but divestiture by its Chinese parent company, ByteDance, is likely to prove challenging. The House approved the bill to ban TikTok unless ByteDance sells the app to a government-approved buyer, but the options for potential buyers would be limited. ByteDance would have to arrange a sale that guaranteed TikTok was not under the control of a foreign adversary within six months to avoid a ban, and the president would need to agree that the sale meets those conditions.