TikTok deal could stop short of full US sale, shareholder saysByteDance 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.