ByteDance considers alternatives to US TikTok sale, says General Atlantic CEO

ByteDance, the Chinese parent company of TikTok, is exploring alternatives to selling its US operations in order to comply with national security requirements, according to General Atlantic CEO Bill Ford.

Speaking at the World Economic Forum in Davos, Ford suggested that a local change of control might be a viable solution to keep TikTok operational in the US.

The app faced temporary shutdowns in the US last weekend after the Supreme Court upheld a law mandating ByteDance to either sell TikTok or cease operations. Former President Trump extended the compliance deadline by 75 days through an executive order, giving ByteDance additional time to find a solution. “We are optimistic we will find a resolution that avoids a sale,” Ford said.

The situation could benefit from high-level discussions between US and Chinese leadership. “Constructive dialogue between President Trump and President Xi might pave the way for a positive outcome,” Ford noted. Meanwhile, interest from potential buyers has grown, with Trump expressing support for a deal involving US tech billionaires.

Beyond TikTok, Ford emphasised the technology sector’s bright future, calling this period a pivotal moment in the AI-driven tech cycle. He highlighted the potential for a resurgence in IPO activity, citing a long pipeline of companies poised to go public. “After three tough years for IPOs, we could see a renaissance in public listings,” he added.

TikTok’s path forward in the US remains uncertain, but ByteDance’s exploration of alternatives demonstrates its commitment to maintaining the app’s presence in one of its largest markets.

Source: Detroit News

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