TikTok's Chinese Parent Company Says Deal with Trump Will Be Done!
The Once Hard Stance of the CCP Company ByteDance has Softened Since trump was Sworn into Office...
General Atlantic CEO Bill Ford expressed confidence that a deal will be reached to keep TikTok available in the U.S., emphasizing it is in everyone’s interest and could involve solutions other than divestiture. He noted that both the Chinese and U.S. governments, along with ByteDance and its board, must be involved, while also criticizing the Biden administration for a lack of meaningful dialogue on the issue.
Deal Prospects
General Atlantic CEO Bill Ford expressed confidence that a deal will ensure TikTok remains available in the U.S.
He emphasized that a resolution is in everyone’s interest.
Solutions short of divestiture may be considered to satisfy all parties.
Stakeholders and Negotiations
The Chinese and U.S. governments, ByteDance, and its board of directors all need to participate in the negotiations.
Ford suggested progress on negotiations could happen as soon as the end of the week.
Criticism and Context
Ford criticized the Biden administration for failing to engage in meaningful dialogue about the issue.
He argued that this lack of engagement contributed to the current tensions.
Ford also acknowledged that President Trump had attempted to ban TikTok during his first term but shifted his approach later.
Background
ByteDance, TikTok's Chinese parent company, is facing a potential U.S. ban.
Trump signed an executive order giving ByteDance 75 days to negotiate a change-of-control deal, but no negotiations had started at the time of the order.
GO DEEPER
General Atlantic CEO Bill Ford is confident a deal will ensure TikTok remains available in the U.S.
Ford stated the deal is in everyone's interest and could avoid requiring divestiture.
ByteDance, TikTok's Chinese parent company, is under pressure due to a pending U.S. ban.
Both the Chinese and U.S. governments, ByteDance, and its board must be involved in negotiations.
Ford suggested negotiations might progress by the end of the week.
He criticized the Biden administration for not engaging in meaningful dialogue.
Ford also acknowledged Trump’s earlier attempt to ban TikTok, later reversed during his campaign.