ByteDance board member says TikTok deal nears completion, solution expected by weekend

['Technode Feed', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] TechNode 2025-01-23 00:00:00

ByteDance board member and General Atlantic CEO Bill Ford said the company is actively discussing a TikTok deal to prevent the app from being banned in the US, according to a report by Axios. Meanwhile, President Donald Trump recently expressed openness to the idea of either Elon Musk or Oracle owner Larry Ellison acquiring TikTok. Musk is expected to play a significant role in a future Trump administration, while Oracle serves as TikTok’s cloud service provider in the US. Trump stated that without a US operating license, TikTok would be “worthless,” but with one, it could be valued at $1 trillion. On his first day in office, Trump signed an executive order granting TikTok a 75-day extension.