Big Tech
TikTok Weighs Non-Sale Options, ByteDance’s Ford Says
- Firm’s options with Trump team include change of control
- Bill Ford runs General Atlantic, which owns stake in ByteDance
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ByteDance is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford.
The Chinese company is looking at options for the social media app that could involve a change of control locally to ensure it complies with US legislation, General Atlantic Chief Executive Officer Ford said Thursday in an interview with Bloomberg Television. The private equity firm holds a stake in ByteDance, TikTok’s parent firm.