ByteDance has stated that it does not intend to sell the TikTok (it would be good to wrap it in the United States). However, a proposal for the purchase of the line of the billionaire Frank McCuort, as he declared in an interview with a traffic light. In the meantime, a group of eight users have a complaint against the u.s. government in order to prevent the banning of the stars.
The consortium to buy TikTok
The president of the Eu signed the law at the end of April, which requires the sale of the TikTok in a maximum of twelve (12) months. After this time period, the social network will be held in the United States, and the applications will be removed from the stores of Apple and Google. The company's chinese then sued the government for the violation of the First Amendment of the Constitution.
ByteDance has stated that it is not going to sell the social network. Among other things, it is necessary that the receipt of the authorization of the chinese government. In an interview with the traffic lights, to Frank McCourt and expressed an interest to buy it. Billionaire american owner of the Olympique Marseille, may form a consortium and submit a bid by the company to the chinese.
After that McCourt will try to find a group of investors, with the support of the bank and Guggenheim Securities. Based on the assessment of the current, TikTok is estimated to be 100 billion dollars. The amount of the decrease dramatically if you don't include the algorithm of the name that indicates the videos.
The company is chinese, meanwhile, has received the support of the eight founders of the material. In the complaint made against the u.s. government claiming that the law is unconstitutional, to ask more information and the application of it. According to the Washington Post, the legal costs will be covered by ByteDance.
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