"TikTok's Uncertain Future: Investor Dilemmas and Potential Buyers"
ByteDance's US investors are facing a dilemma as Beijing opposes efforts to force the Chinese parent company to sell TikTok, leaving them in a quandary with billions of dollars on the line. Former Treasury secretary Steven Mnuchin is in talks with a group of US investors about a potential takeover bid, while Bobby Kotick, former CEO of Activision Blizzard, is also reportedly seeking partners for a bid. Investors and potential advisers are exploring various scenarios, including a potential TikTok ban or a restructuring that could satisfy both Washington and Beijing, but any radical changes would likely require Chinese government approval.