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TikTok Considers Splitting From ByteDance If Deal With US Fails

  • ByteDance was valued at $220 billion in recent transaction
  • TikTok’s US business could be worth $40 billion to $50 billion
Bloomberg business news
TikTok Mulls Split from ByteDance
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TikTok’s leadership is discussing the possibility of separating from ByteDance Ltd., its Chinese parent company, to help address concerns about national security risks.

A divestiture, which could result in a sale or initial public offering, is considered a last resort, to be pursued only if the company’s existing proposal with national security officials doesn’t get approved, according to people familiar with the matter, who asked not to be identified discussing non-public information. Even then, the Chinese government would have to agree to such a transaction, the people said.