Bill Ford, the CEO of ByteDance shareholder General Atlantic, said Wednesday he was confident that a deal will be reached to ensure TikTok stays online in the US — and suggested there may be
A deal will get done to ensure that TikTok remains available in the U.S., General Atlantic CEO Bill Ford told Axios during an event on Wednesday in Davos, Switzerland. Why it matters: General Atlantic is a major investor in TikTok's Chinese parent company,
General Atlantic CEO Bill Ford said on Wednesday that a deal would get done to save TikTok in the U.S. after President Donald Trump signed an executive order that halted a ban on the app for 75 days.
ByteDance’s substantial shareholder General Atlantic had its CEO Bilford said he was confident that an agreement can be reached to allow TikTok to stay in the US, and said there may be options that do not require divestment.
The TikTok ban won't be enforced until April, but there will be plenty of contentious negotiations between China, the U.S., and prospective buyers in the meantime.
Among the investors since ByteDance's initial funding in 2012 include venture funds such as Sequoia Capital, Tiger Global Management, SoftBank, TCV, General Atlantic, Sky9 Capital, Hillhouse and Susquehanna Asia Investments.
President Trump's executive order pausing the TikTok ban for 75 days might not protect the app's technology partners from $850 billion in fines.
While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are its most valuable.
Businessman Frank McCourt is "open-minded" to keeping TikTok's existing investors, including the founder, involved after any deal to buy the U.S. operations of the Chinese-owned short-form video app,
The future of TikTok and other ByteDance apps in the U.S. remains uncertain. With the ban now in effect and no signs of progress on a divestiture deal, it appears these popular platforms may remain unavailable on U.S. app stores for the foreseeable future.
UI-TARS understands graphical user interfaces (GUIs), applies reasoning and takes autonomous, step-by-step action.
ByteDance, TikToks parent company, is reportedly gearing up for a $12 billion investment in artificial intelligence (AI) infrastructure in 2025, according to the Financial Times. This strategic move follows U.