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The Race to Buy TikTok Is On—but There Might Not Be a Winner
Investors are interested in buying TikTok so that it can avoid a US ban. But even if ByteDance accepts, a takeover will be far from simple.
This has done little to deter a growing list of other business moguls who have also expressed interest in acquiring the app, which has been under government scrutiny in the US for four years over alleged national security concerns stemming from its Chinese ownership. In a lawsuit it filed against the US government last week, TikTok argued the divestiture bill violated the First Amendment and claimed severing its American operations from ByteDance was “not commercially, technologically, or legally feasible.” A group of TikTok creators filed a separate lawsuit against the federal government earlier this week arguing that the divest bill violated their free speech rights.
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