ByteDance Denies It's Exploring TikTok Sale
ByteDance prefersDenies TikTokIt's shutdownExploring inTikTok US over sale: ReportSale
The Facts
Following President Joe Biden's signing of a law on Wednesday threatening to outlaw the well-known app TikTok unless ByteDance divests its ownership, TikTok immedately responded that it will legally challenge the "unconstitutional ban."
If TikTok owner ByteDance loses the legal battle to prevent the platform from being banned from US app stores, the Chinese company would rather shut down its US operation than sell it, according to four sources.ByteDance, social media platform TikTok's Chinese parent company, Thursday denied a report from The Information saying it preferred to shut down the app rather than sell it to a US-based company.
The Spin
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