"TikTok Faces Uncertain Future as Companies and Politicians Weigh In"

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Source: Forbes
"TikTok Faces Uncertain Future as Companies and Politicians Weigh In"
Photo: Forbes
TL;DR Summary

Former Activision Blizzard CEO Bobby Kotick is reportedly seeking partners to potentially buy TikTok from China's ByteDance, as the US government considers legislation that would force ByteDance to divest from the popular app or face a ban in the US. The potential purchase price is said to be in the hundreds of billions of dollars, and Kotick has been approaching potential partners, including OpenAI's Sam Altman. However, the bill's passage is uncertain, facing potential opposition in the Senate over free speech concerns, and there are political considerations given TikTok's popularity among young voters.

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